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Locally Competitive Equilibrium and Properties  

Kim, Do-Whan (세종대학교 경영대학 경영학과)
Publication Information
Korean Management Science Review / v.26, no.1, 2009 , pp. 1-5 More about this Journal
Abstract
I study a solution concept which preserves the nice Nash equilibrium properties of two-person zero-sum games, and define a locally competitive equilibrium which is characterized by a saddle point with respect to the coordinates of strategies. I show that a locally competitive equilibrium shares the properties of uniqueness of equilibrium payoffs, interchangeablity of equilibrium strategies and convexity of the equilibrium set.
Keywords
Competitive Game; Saddle Point of Nash equilibria and Twisted equilibria;
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