Showing 1 - 10 of 588
Purpose - The purpose of this paper is to study the Hölder calmness of solutions to equilibrium problems and apply it … equilibrium problems are established. Findings - A new result in stability analysis for equilibrium problems and applications in …
Persistent link: https://www.econbiz.de/10012515025
information, the best-reply dynamic converges to a Nash equilibrium almost surely. Moreover, only Nash equilibria can be … stochastically stable. We present a 'centipede-trust game', where we prove that both the backward induction equilibrium component and … the Pareto-dominant equilibrium component are stochastically stable, even when the populations increase to infinity. For …
Persistent link: https://www.econbiz.de/10009727120
cases where additionally, some variables may be strategic complements. The main result here is that the equilibrium set in … such models is a non-empty, complete lattice, if, and only if, there is a unique equilibrium. Indeed, for a given parameter … techniques for exhibiting increasing equilibria or computing equilibria that use the largest or smallest equilibrium, or that use …
Persistent link: https://www.econbiz.de/10012824357
formulated as an equilibrium problem with equilibrium constraints (EPEC) and examples have been posed in the literature that have …
Persistent link: https://www.econbiz.de/10013077349
This paper presents a complete survey of the use of homotopy methods in game theory. Homotopies allow for a robust computation of game-theoretic equilibria and their refinements. Homotopies are also suitable to compute equilibria that are selected by various selection theories. We present all...
Persistent link: https://www.econbiz.de/10013124577
assumptions are satisfied, but no Nash equilibrium exists. This finding reinforces that certain additional conditions appearing in … the literature (primarily, the lower hemicontinuity of feasibility correspondences) are indispensable for equilibrium …
Persistent link: https://www.econbiz.de/10012833623
We provide conditions that simplify applying Reny's (1999) better-reply security to Bayesian games, and use these conditions to prove the existence of equilibria for classes of games in which payoff discontinuities arise only at "ties." These games include a general version of all-pay contests,...
Persistent link: https://www.econbiz.de/10013289844
In the study we explore an oligopoly market for equilibrium and stability based on statistical data with the help of … generalized tripled fixed point model to the study of market equilibrium in an oligopolistic market dominated by three major … production process, as opposed to the payoff maximization model with which the market equilibrium may not be stable. A possible …
Persistent link: https://www.econbiz.de/10014636403
This article presents a new approach to analyze the equilibrium set of symmetric, differentiable games by separating … parameter constellations affect the scope for multiple symmetric or asymmetric equilibria, or how the equilibrium set depends on … the nature of the strategies. The approach is particularly helpful in applications because (i) it allows the complexity of …
Persistent link: https://www.econbiz.de/10011744039
Bayesian-Markov equilibrium in which a player's strategy maps a tuple of the previous type and action profiles and the player … to find an equilibrium. …
Persistent link: https://www.econbiz.de/10015271402