Equilibrium points of a class of many-person games |
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Authors: | K. T. Lee K. C. Teo |
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Affiliation: | (1) Department of Mathematics, University of Malaya, Kuala Lumpur, Malaysia |
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Abstract: | This paper deals with the competitive equilibrium points of a class of (n+1)-person games, the players beingn sellers and a single buyer. Each seller offers a price for his product; depending upon the prices offered, the buyer then determines the amount he wishes to buy from each seller. Two types of equilibrium points in this class of games are discussed.The authors are indebted to Professor G. Leitmann for his valuable comments on an earlier version of this paper. |
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Keywords: | Game theory optimal strategies equilibrium points economics |
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