NEGS is an acronym that stands for "negative externality games." It refers to a class of games in the field of game theory which involve negative externalities.
Negative externalities can be defined as the unintended costs imposed on third parties by economic activities or decisions made by others. In the context of game theory, NEGS explore situations where the actions of players in a game result in negative consequences for other players or society as a whole.
NEGS are typically characterized by situations where the players' self-interested actions have detrimental effects on the overall outcome or social welfare. The negative externalities associated with these games may include pollution, congestion, resource depletion, or any other undesirable outcome resulting from the interactions among players.
The study of NEGS aims to understand and analyze the strategic behavior of individuals in situations where negative externalities exist. Researchers in game theory analyze the impact of such externalities on players' decision-making, strategic interactions, and the overall equilibrium outcomes of the games. They seek to develop strategies, mechanisms, or policies that can minimize the negative impacts and promote societal welfare.
NEGS have significant implications for various fields, including economics, environmental policy, public goods provision, and social network analyses. By studying NEGS, researchers and policymakers can gain insights into addressing the challenges associated with negative externalities, promoting cooperation, and finding efficient and sustainable solutions for global problems.
