An existence theorem for a Pareto equilibrium (Q1175148)
From MaRDI portal
| This is the item page for this Wikibase entity, intended for internal use and editing purposes. Please use this page instead for the normal view: An existence theorem for a Pareto equilibrium |
scientific article; zbMATH DE number 11067
| Language | Label | Description | Also known as |
|---|---|---|---|
| English | An existence theorem for a Pareto equilibrium |
scientific article; zbMATH DE number 11067 |
Statements
An existence theorem for a Pareto equilibrium (English)
0 references
25 June 1992
0 references
The author considers the following multicriteria game problem: Given are \(N\) players playing noncooperatively with their respective strategy sets \(X_ i\), \(i=1,\dots,N\). Minimize the payoff functions \((f^ i_ 1(x),\dots,f^ i_{k_ i}(x))\) of player \(i\) over the set of feasible outcomes \(x\in X\), where \(X=X_ 1\times X_ 2\times\dots\times X_ N\). He introduces the concept of a Pareto equilibrium for such game problems and proves a theorem on the existence of a Pareto equilibrium under some convexity and compactness assumptions.
0 references
fixed point theorem
0 references
multicriteria game
0 references
Pareto equilibrium
0 references