Nash and Walras equilibrium via Brouwer (Q1404142): Difference between revisions
From MaRDI portal
Changed an Item |
Set OpenAlex properties. |
||
| (One intermediate revision by one other user not shown) | |||
| Property / MaRDI profile type | |||
| Property / MaRDI profile type: MaRDI publication profile / rank | |||
Normal rank | |||
| Property / full work available at URL | |||
| Property / full work available at URL: https://doi.org/10.1007/s001990000076 / rank | |||
Normal rank | |||
| Property / OpenAlex ID | |||
| Property / OpenAlex ID: W2060412450 / rank | |||
Normal rank | |||
Latest revision as of 00:11, 20 March 2024
scientific article
| Language | Label | Description | Also known as |
|---|---|---|---|
| English | Nash and Walras equilibrium via Brouwer |
scientific article |
Statements
Nash and Walras equilibrium via Brouwer (English)
0 references
20 August 2003
0 references
The referred paper contributes to the results on the relation between market and cooperative game solutions, namely between the Nash and Walras equilibrium. The main modification of the model consists in the application of the Brouwer's fixed point theorem instead of the Kakutani's one. The main results regard the existence of both equilibria. The proofs operate with the Satisficing Principle (maximizing a continuous utility subjectnt to specific constraints) instead of the more usual Maximum Principle.
0 references
Nash
0 references
fix point theorem
0 references
Kakutani
0 references
maximum principle
0 references
satisficing principle
0 references
