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This paper deals with the problem of existence of Berge and Berge-Nash equilibria. Abalo and Kostreva have proved existence theorems of Berge and Berge-Nash equilibria for S-equi-well-posed and (S, [sigma])-equi-well-posed games, namely, Theorems 3.2-3.3 [Abalo, K.Y., Kostreva, M.M., 1996. Fixed...
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The major focus of past literature on Al-Maq id was on developing the theory, and most of the discussion centered on its legal dimensions. The pioneering works emanated from scholars such as, Al-Juwayni (n.d), AlGhazali (1901), Al-Shatibi (n.d), Ibn ‘Ashur (1998) and Ibn Taymiyyah (alRaysuni,...
Persistent link: https://www.econbiz.de/10011227817
Based on the notion of equilibrium of a coalition P relatively to a coalition K, of Berge, Zhukovskii has introduced Berge equilibrium as an alternative solution to Nash equilibrium for non cooperative games in normal form. The essential advantage of this equilibrium is that it does not require...
Persistent link: https://www.econbiz.de/10010723296
In this paper, we give new sufficient conditions for the existence of a solution of theg-maximum equality. As an application, we prove a new fixed point theorem.
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In this paper, we give new sufficient conditions for the existence of a solution of theg-maximum equality. As a consequence, we prove a new fixed point theorem. We also prove a new theorem of existence of Nash equilibrium.
Persistent link: https://www.econbiz.de/10010900043
In this paper, we study the main properties of the strong Berge equilibrium which is also a Pareto efficient (SBPE) and the strong Nash equilibrium (SNE). We prove that any SBPE is also a SNE, we prove also existence theorem of SBPE based on the KyFan inequality. Finally, we also provide a...
Persistent link: https://www.econbiz.de/10010900048
Purpose – The purpose of this paper is to show that fractional reserve banking (FRB) has implications for the ownership structure of assets in the economy that violates the Islamic principles of ownership. Design/methodology/approach – This is a theoretical paper that looks into the works of...
Persistent link: https://www.econbiz.de/10004979853