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Synthesis of equilibrium

Vladislav Zhukovskiy, Lidia Zhukovskaya and Lidia Smirnova

MPRA Paper from University Library of Munich, Germany

Abstract: For a noncooperative N-player normal-form game, we introduce the concept of hybrid equilibrium (HE) by combining the concepts of Nash and Berge equilibria and Pareto maximum. Some properties of hybrid equilibria are explored and their existence in mixed strategies is established under standard assumptions of mathematical game theory (convex and compact strategy sets and continuous payoff functions). Similar results are obtained for noncooperative N-player normal-form games under uncertainty.

Keywords: uncertainty; mixed strategies; equilibrium; saddle point; Pareto optimality (search for similar items in EconPapers)
JEL-codes: C00 C02 (search for similar items in EconPapers)
Date: 2023-10-10
New Economics Papers: this item is included in nep-gth and nep-mic
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