Endogenous Heterogeneity in Strategic Models : Symmetry-breaking via Strategic Substitutes and Nonconcavities

Abstract

This paper is an attempt to develop a unified approach to endogenous heterogeneity by constructing general class of two-player symmetric games that always possess only asymmetric pure-strategy Nash equilibria. These classes of games are characterized in some abstract sense by two general properties: payoff non-concavities and some form of strategic… (More)

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