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Equilibrium existence under generalized convexity Cover

Abstract

We introduce, in the first part, the notion of weakly convex pair of correspondences, we give its economic interpretation, we state a fixed point and a selection theorem. Then, by using a tehnique based on a continuous selection, we prove existence theorems of quilibrium for an abstract economy. In the second part, we define the weakly biconvex correspondences, we prove a selection theorem and we also demonstrate the existence of equilibrium for a generalized quasi-game (2003 Kim's model). In the last part of the paper, we give other applications in the game theory, finding equilibrium for abstract economies having correspondences with weakly convex graph. We show that the equilibrium exists without continuity assumptions.

DOI: https://doi.org/10.2478/v10309-012-01058-8 | Journal eISSN: 1844-0835 | Journal ISSN: 1224-1784
Language: English
Page range: 95 - 110
Published on: May 21, 2013
Published by: Ovidius University of Constanta
In partnership with: Paradigm Publishing Services
Publication frequency: 3 issues per year

© 2013 Monica Patriche, published by Ovidius University of Constanta
This work is licensed under the Creative Commons License.