Showing 1 - 10 of 2,040
Any function from a non-empty polytope into itself that is locally gross direction preserving is shown to have the fixed point property. Brouwer's fixed point theorem for continuous functions is a special case. We discuss the application of the result in the area of non-cooperative game theory.
Persistent link: https://www.econbiz.de/10011342557
Persistent link: https://www.econbiz.de/10009776436
Persistent link: https://www.econbiz.de/10011713530
In this paper we prove the following fixed point theorem. Consider a non-empty bounded polyhedron P and a function f from P to P such that for every x in P with f(x) not equal to x there is a ball in P around x such that the inner product of f(y)-y and f(z)-z is nonnegative for any two elements...
Persistent link: https://www.econbiz.de/10014028509
Persistent link: https://www.econbiz.de/10003423979
Persistent link: https://www.econbiz.de/10003675774
Discontinuous games, such as auctions, may require special tie-breaking rules to guarantee equilibrium existence. The best results available ensure equilibrium existence only in mixed strategy with endogenously defined tie-breaking rules and communication of private information. We show that an...
Persistent link: https://www.econbiz.de/10013075634
Persistent link: https://www.econbiz.de/10009245338
Persistent link: https://www.econbiz.de/10011432242