An existence theorem for a Pareto equilibrium (Q1175148)
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English | An existence theorem for a Pareto equilibrium |
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An existence theorem for a Pareto equilibrium (English)
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25 June 1992
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The author considers the following multicriteria game problem: Given are \(N\) players playing noncooperatively with their respective strategy sets \(X_ i\), \(i=1,\dots,N\). Minimize the payoff functions \((f^ i_ 1(x),\dots,f^ i_{k_ i}(x))\) of player \(i\) over the set of feasible outcomes \(x\in X\), where \(X=X_ 1\times X_ 2\times\dots\times X_ N\). He introduces the concept of a Pareto equilibrium for such game problems and proves a theorem on the existence of a Pareto equilibrium under some convexity and compactness assumptions.
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fixed point theorem
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multicriteria game
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Pareto equilibrium
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