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Tekijä: | Peleg, B. Sudholter, P. |
Otsikko: | An axiomatization of Nash equilibria in economic situations |
Lehti: | Games and Economic Behavior
1997 : FEB, VOL. 18:2, p. 277-285 |
Asiasana: | GAMES ECONOMIC BEHAVIOUR ECONOMICS |
Kieli: | eng |
Tiivistelmä: | The authors consider the class of all abstract economies with convex and compact strategy sets, continuous and quasi-concave payoff functions, and continuous and convex-valued feasibility correspondences. The authors prove that the Nash correspondence is the unique solution on the foregoing class of abstract economies that satisfies nonemptiness, rationality in one-person economies, and consistency. Abstract economies were introduced by Debreu in order to help in the proof of existence of Walras equilibrium for competitive economies. |
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