Showing 1 - 10 of 18
This paper gives wide characterization of n-person non-coalitional games with finite players’ strategy spaces and payoff functions having some concavity or convexity properties. The characterization is done in terms of the existence of two-point-strategy Nash equilibria, that is equilibria...
Persistent link: https://www.econbiz.de/10010847979
In the paper two-person nonzero-sum semi-infinite games with bounded payoffs are studied — both with countable and uncountable infinite strategy space. Under some concavity/convexity assumptions they are shown to possess ε-equilibria (equilibria) in strategies with supports consisting of at...
Persistent link: https://www.econbiz.de/10011011308
Persistent link: https://www.econbiz.de/10005375599
We present a discrete model of two-person constant-sum dynamic strategic market game. We show that for every value of discount factor the game with discounted rewards possesses a pure stationary strategy equilibrium. Optimal strategies have some useful properties, such as Lipschitz property and...
Persistent link: https://www.econbiz.de/10010999710
We present a discrete model of two-person constant-sum dynamic strategic market game. We show that for every value of discount factor the game with discounted rewards possesses a pure stationary strategy equilibrium. Optimal strategies have some useful properties, such as Lipschitz property and...
Persistent link: https://www.econbiz.de/10010759313
The paper provides two characterizations of probabilistic values satisfying three classical axioms (linearity, dummy player and any of three "symmetry" axioms) together with a new probabilistic-efficiency axiom. This new axiom requires that players of a game allocate the total amount of their...
Persistent link: https://www.econbiz.de/10005515311
This paper gives a full characterization of matrices with rows and columns having properties closely related to the (quasi-) convexity-concavity of functions. The matrix games described by such payoff matrices well approximate continuous games on the unit square with payoff functions F (x, y)...
Persistent link: https://www.econbiz.de/10005375653
Persistent link: https://www.econbiz.de/10005413587
In this paper we study a family of efficient, symmetric and linear values for TU-games, described by some formula generalizing the Shapley value. These values appear to have surprising properties described in terms of the axioms: Fair treatment, monotonicity and two types of acceptability. The...
Persistent link: https://www.econbiz.de/10010875104
This paper considers two-person non-zero-sum games on the unit square with payoff functions having a new property called poor convexity. This property describes “something between” the classical convexity and quasi-convexity. It is proved that various types of such games have Nash equilibria...
Persistent link: https://www.econbiz.de/10010993416