Cournot tatonnement and potentials (Q492880): Difference between revisions
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English | Cournot tatonnement and potentials |
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Cournot tatonnement and potentials (English)
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21 August 2015
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The author considers the existence of Nash equilibrium points and the convergence of so-called Cournot tâtonnement (best response) processes for noncooperative games in metric spaces. The main assumption is the existence of a suitable potential, i.e. a transitive preference relation, which is concordant with the improvement path. The author shows the necessity of additional continuity-type properties for resolving the above questions. The results are illustrated by some special classes of games and several examples.
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noncooperative games
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Nash equilibrium
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best response
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Cournot tâtonnement
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Cournot potential
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