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The division of a cake by n players is modeled as a game of timing. We show that such games admit a unique Nash equilibrium.
Persistent link: https://www.econbiz.de/10011091953
A basic issue in transboundary fishery management is the new member problem. In this paper we address the problem of allocating the profits between the charter members and the entrants, once the nations concerned have expressed an interest in achieving an agreement.Using game theory we argue...
Persistent link: https://www.econbiz.de/10011092173
A class of non cooperative games characterized by a `congestion e ect' is studied, in which there exists a strong Nash equilibrium, and the set of Nash equilibria, the set of strong Nash equilibria and the set of strategy pro les maximizing the potential function coincide.The structure of the...
Persistent link: https://www.econbiz.de/10011090838
In this paper some new approximate fixed point theorems for multifunctions in Banach spaces are presented and a method is developed indicating how to use approximate fixed point theorems in proving the existence of approximate Nash equilibria for non-cooperative games.
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Nash equilibria for strategic games were characterized by Peleg and Tijs (1996) as those solutions satisfying the properties of consistency, converse consistency and one-person rationality. There are other solutions, like the -Nash equilibria, which enjoy nice properties and appear to be...
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