Showing 1 - 5 of 5
This paper proposes conditions for the existence and uniqueness of solutions to systems of linear differential or …
Persistent link: https://www.econbiz.de/10011107980
Constant returns to scale (CRS) is one of the corner-stones of the competitive general equilibrium paradigm of neoclassical economics. This note argues that the equilibrium solutions of this paradigm are not compatible with CRS. CRS implies that all producers (whatever their scale of production)...
Persistent link: https://www.econbiz.de/10011108250
This paper investigates the existence of pure strategy, dominant strategy, and mixed strategy Nash equilibria in … quasiconcavity introduced in the paper, is enough to guarantee the existence of Nash equilibria in compact and convex normal form … show the existence of dominant strategy and mixed strategy Nash equilibria in discontinuous games. …
Persistent link: https://www.econbiz.de/10011112019
existence of equilibrium for the generalized games (the so-called abstract economics) and Nash equilibrium for games where the … payoff functions and the feasible strategy correspondences are not lowersemicontinuous. Thus the existence theorems given in … this paper generalize many existence theorems on Nash equilibrium and equilibrium for the generalized games in the …
Persistent link: https://www.econbiz.de/10011113505
financed by voluntary contributions (subscriptions) of households. We prove existence and generic regularity of subscription …
Persistent link: https://www.econbiz.de/10005619815