Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5099529 | Journal of Economic Dynamics and Control | 2008 | 8 Pages |
Abstract
A sufficient condition is derived for the global stability of a unique interior Nash equilibrium in an aggregative game. The condition is applied to investigate the global stability of the Nash-Cournot equilibrium in Cournot oligopoly without product differentiation and that of the Nash equilibrium in rent-seeking games.
Related Topics
Physical Sciences and Engineering
Mathematics
Control and Optimization
Authors
Koji Okuguchi, Takeshi Yamazaki,