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Quantum Information Processing

, Volume 11, Issue 6, pp 1371–1379 | Cite as

Existence of equilibria in quantum Bertrand–Edgeworth duopoly game

  • Yohei Sekiguchi
  • Kiri Sakahara
  • Takashi SatoEmail author
Article

Abstract

Both classical and quantum version of two models of price competition in duopoly market, the one is realistic and the other is idealized, are investigated. The pure strategy Nash equilibria of the realistic model exists under stricter condition than that of the idealized one in the classical form game. This is the problem known as Edgeworth paradox in economics. In the quantum form game, however, the former converges to the latter as the measure of entanglement goes to infinity.

Keywords

Quantum game Bertrand–Edgeworth duopoly game Edgeworth paradox Continuous quantum variables Existence of Nash equilibria 

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Copyright information

© Springer Science+Business Media, LLC 2011

Authors and Affiliations

  1. 1.Graduate School of EconomicsUniversity of TokyoBunkyo-ku, TokyoJapan
  2. 2.Faculty of EconomicsToyo UniversityBunkyo-ku, TokyoJapan

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