THE EXISTENCE OF INTERMEDIATE SOCIAL NASH EQUILIBRIA FOR ONE-LEADER-MULTI-FOLLOWER GAMES AND ITS APPLICATION
YANG Zhe1, PU Yongjian2
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1. School of Economics, Shanghai University of Finance and Economics, Shanghai, 200433; 2. College of Economics and Business Administration, Chongqing University, Chongqing 400044
One-leader-multi-follower games are studied, and characteristics of the replying function of followers are obtained. Furthermore, if the replying function
of followers is set-valued, then we define intermediate social Nash equilibrium, and prove its existence under certain sufficient condition. As an application, we obtain the intermediate social Nash equilibrium in the oligarchic competition model, whose inverse demand function is nonlinear.
YANG Zhe, PU Yongjian.
THE EXISTENCE OF INTERMEDIATE SOCIAL NASH EQUILIBRIA FOR ONE-LEADER-MULTI-FOLLOWER GAMES AND ITS APPLICATION. Journal of Systems Science and Mathematical Sciences, 2013, 33(7): 777-784 https://doi.org/10.12341/jssms12130