BACK to VOLUME 40 NO.5
BACK to VOLUME 40 NO.5
Abstract:
The paper concerns a two-level hierarchical game, where the players on each level behave noncooperatively. In this way one can model eg an oligopolistic market with several large and several small firms. We derive two types of necessary conditions for a solution of this game and discuss briefly the possibilities of its computation.
Keywords: hierarchical game; Nash equilibrium; stationarity conditions;
AMS: 49J40; 49J52; 90C;
BACK to VOLUME 40 NO.5