Nash equilibrium

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Noun1.Nash equilibrium - (game theory) a stable state of a system that involves several interacting participants in which no participant can gain by a change of strategy as long as all the other participants remain unchanged
game theory, theory of games - (economics) a theory of competition stated in terms of gains and losses among opposing players
equilibrium - a stable situation in which forces cancel one another
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References in periodicals archive ?
This is reasonable at the firm-specific level but note that the industry-wide demand for loans, L, which is equal to the bracketed term in (3), depends on [f.sub.n], too: Each firm sees what is "good" for the whole sector from its own point of view, which, of course, is reasonable when the industry is not at its Cournot-Nash equilibrium.
"Losses from Horizontal Merger: The Effects of an Exogenous Change in Industry Structure on Cournot-Nash Equilibrium." Quarterly Journal of Economics, 98(2), 1983, 185-99.
Tobin, "A Dynamic Spatial Cournot-Nash Equilibrium Model and an Algorithm," Computational Economics, vol.
The Effects of an Exogenous Change in Industry Structure on Cournot-Nash Equilibrium. Quarterly Journal of Economics, 98(2), 185-99.
In the second stage, the output levels x and y are characterized by a Cournot-Nash equilibrium. Taking y and w as given, the domestic firm chooses x (and hence employment) to maximize [PI] in Eq.
Our work will proceed based on the system in [3] to arrive at a Cournot-Nash equilibrium for two competing firms with quantity as the decision variable.
Cournot-Nash equilibrium in a duopoly, under a linear demand curve,
It is obvious that under Cournot-Nash equilibrium the output of the privatized firm [q.sub.1] is negatively correlated with the degree of privatization y.
Reynolds, Losses from Horizontal Merger: The Effects of an Exogenous Change in Industry Structure on Cournot-Nash Equilibrium, 98 Q.