46405

Автор(ы): 

Автор(ов): 

3

Параметры публикации

Тип публикации: 

Статья в журнале/сборнике

Название: 

Games for cautious players: The Equilibrium in Secure Strategies

DOI: 

10.1016/j.geb.2018.03.011

Наименование источника: 

  • Games and Economic Behavior

Обозначение и номер тома: 

Vol. 110

Город: 

  • США

Издательство: 

  • Elsevier

Год издания: 

2018

Страницы: 

58-70
Аннотация
A non-cooperative solution, the Equilibrium in Secure Strategies (EinSS), is defined as an extension of the Nash equilibrium in pure strategies, and is meant to solve games where players are “cautious,” i.e., looking for secure positions and avoiding threats. This concept abstracts and unifies ad hoc solutions already formulated in various applied economic games that have been discussed extensively in the literature. A general existence theorem is provided and then applied to the price-setting game in the Hotelling location model, to Tullock’s rent-seeking contests, and to Bertrand-Edgeworth duopoly. Finally, competition in the insurance market game is re-examined and the Rothschild-Stiglitz-Wilson contract is shown to be an EinSS even when the Nash equilibrium breaks down.

Библиографическая ссылка: 

Искаков М.Б., Искаков А.Б., d'Aspremont C.. Games for cautious players: The Equilibrium in Secure Strategies // Games and Economic Behavior. 2018. Vol. 110. С. 58-70.