Showing 1 - 10 of 36
fixed point property. Brouwer's fixed point theorem for continuous functions is a special case. We discuss the application …
Persistent link: https://www.econbiz.de/10011342557
well known refinements of the Nash equilibrium, namely, perfect Nash equilibrium and proper Nash equilibrium, are special … Nash equilibrium is shown to exist for every game. In symmetric bimatrix games, our results imply the existence of a … symmetric proper equilibrium. Applying our results to the field of evolutionary game theory yields a refinement of the …
Persistent link: https://www.econbiz.de/10011327822
In this paper an algorithm is proposed to find an integral solution of (nonlinear) complementarity problems. The algorithm starts with a nonnegative integral point and generates a unique sequence of adjacent integral simplices of varying dimension. Conditions are stated under which the algorithm...
Persistent link: https://www.econbiz.de/10011343323
In a standard general equilibrium model it is assumed that there are no price restictionsand that prices adjust … infinitely fast to their equilibrium values. In this paper the set ofadmissible prices is allowed to be an arbitrary convex set …. For such an arbitrary set it cannotbe guaranteed that there exists a constrained equilibrium satisfying the usual …
Persistent link: https://www.econbiz.de/10011325664
well known refinements of the Nash equilibrium, namely, perfect Nash equilibrium and proper Nash equilibrium, are special … Nash equilibrium is shown to exist for every game. In symmetric bimatrix games, our results imply the existence of a … symmetric proper equilibrium. Applying our results to the field of evolutionary game theory yields a refinement of the …
Persistent link: https://www.econbiz.de/10011255864
In a standard general equilibrium model it is assumed that there are no price restictions and that prices adjust … infinitely fast to their equilibrium values. In this paper the set of admissible prices is allowed to be an arbitrary convex set …. For such an arbitrary set it cannot be guaranteed that there exists a constrained equilibrium satisfying the usual …
Persistent link: https://www.econbiz.de/10005144447
first show that two well known refinements of the Nash equilibrium, namely, perfect Nash equilibrium and proper Nash … properness and a robust Nash equilibrium is shown to exist for every game. In symmetric bimatrix games, our results imply the … equilibrium, are special cases of our robustness concept. Further, a third special case of robustness refines the concept of …
Persistent link: https://www.econbiz.de/10005137165
fixed point property. Brouwer's fixed point theorem for continuous functions is a special case. We discuss the application …
Persistent link: https://www.econbiz.de/10005137207
In a standard general equilibrium model it is assumed that there are no price restictionsand that prices adjust … infinitely fast to their equilibrium values. In this paper the set ofadmissible prices is allowed to be an arbitrary convex set …. For such an arbitrary set it cannotbe guaranteed that there exists a constrained equilibrium satisfying the usual …
Persistent link: https://www.econbiz.de/10011257502
fixed point property. Brouwer's fixed point theorem for continuous functions is a special case. We discuss the application …
Persistent link: https://www.econbiz.de/10011257532