Journal of Korean Institute of Industrial Engineers (대한산업공학회지)
- Volume 5 Issue 2
- /
- Pages.37-43
- /
- 1979
- /
- 1225-0988(pISSN)
- /
- 2234-6457(eISSN)
On the Equivalence of Stackelberg Strategy and Equilibrium Point in a Two-person Nonzero-sum Game
Abstract
A sufficient condition for a Stackelberg strategy to coincide with an equilibrium point is presented. Information pattern of a Stackelberg strategy is essentially different from that of an equilibrium solution and therefore the two strategies need not be the same. However, under score restrictions on the cost functions the difference in information patterns between the two strategies can be disregarded so that the two strategies coincide. The result is extended to the case of discrete-time dynamic games.
Keywords