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A sufficient and necessary condition is presented for the existence of a Nash equilibrium in n-person noncooperative games in normal form where strategy sets are not necessarily convex. Under the convexity condition, we show that this new sufficient and necessary condition is a particular case...
Persistent link: https://www.econbiz.de/10008477287
We consider a single machine scheduling problem to minimize the weighted completion time variance. This problem is known to be NP-hard in the strong sense. We propose a lower bound based on splitting of jobs and the Viswanathkumar and Srinivasan procedure and a heuristic. The test on more than...
Persistent link: https://www.econbiz.de/10008517637
This paper investigates the existence of pure strategy, dominant-strategy, and mixed strategy Nash equilibria in discontinuous and nonconvex games. We introduce a new notion of very weak continuity, called weak transfer continuity, which holds in a large class of discontinuous economic games and...
Persistent link: https://www.econbiz.de/10008517638
This paper investigates the existence of strong Nashequilibria (SNE) in continuous and convex games. We show that the concavity and an additional condition on payoff functions, together with the compactness of strategy space, permit the existence of strong Nash equilibria. These conditions are...
Persistent link: https://www.econbiz.de/10008517647
This paper characterizes the existence of equilibria in minimax inequalities without assuming any form of quasi-concavity of functions and convexity or compactness of choice sets. A new condition, called “local dominatedness property”, is shown to be necessary and further, under some mild...
Persistent link: https://www.econbiz.de/10008517648
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