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In this paper, we investigate the existence of Berge–Zhukovskii equilibrium in general normal form games. We characterize its existence via the existence of a symmetric Nash equilibrium of some n-person subgame derived of the initial game. The significance of the obtained results is...
Persistent link: https://www.econbiz.de/10011096377
We formulate and prove a modification of Eilenberg-Montgomery fixed-point theorem, which is a generalization of Kakutani’s theorem. It enables us to provide a direct proof of the existence of perfect equilibria in finite normal form games and extensive games with perfect recall. We construct a...
Persistent link: https://www.econbiz.de/10008490457
In the paper, we generalize a two-action (yes-no) model of influence to a framework in which every player has a continuum of actions and he has to choose one of them. We assume the set of actions to be an interval. Each player has an inclination to choose one of the actions. Due to influence...
Persistent link: https://www.econbiz.de/10008515800