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 ?
Szidarovszky, "Existence of Nash-Cournot equilibrium in oligopoly games with pollution treatment cost-sharing," Pure Mathematics and Applications, vol.
A mathematical programming approach to a Nash-Cournot equilibrium analysis for a two-stage network of oligopolies.
(2) In an overlapping generations economy with altruism, the unconstrained Nash-Cournot equilibrium does not maximize the average welfare of currently living agents, as was shown in Bernheim (1989), nor the welfare of children and generates suboptimal levels of parental transfers.