Universally converging adjustment processes -- a unifying approach. (Q1867776)

The referred paper is based on the idea that many results in the game theory or general equilibrium regard some types of convergence of adjustment processes. The author aims to specify the unifying characteristics connecting all these phenomena in one frame. Particular sections deal with models known in the literature, e.g.: Harsanyi and Selten's tracing problem, quantal response equilibria of McKelvey and Palfrey, price adjustment process of Kamiya, price adjustment process of van der Laan and Talman, and the global Newton method of Smale. The analysis of those convergences shows the unifying feature consisting in the Browder's fixed point theorem which is applicable under very general conditions and does not involve any assumption of differentiability. That influence of the fixed point theory is evident in the existence of an equilibrium, as well as in the universal stability concept.