Abstract
This paper deals with the competitive equilibrium points of a class of (n+1)-person games, the players beingn sellers and a single buyer. Each seller offers a price for his product; depending upon the prices offered, the buyer then determines the amount he wishes to buy from each seller. Two types of equilibrium points in this class of games are discussed.
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Reference
Mangasarian, O. L.,Nonlinear programming, McGraw-Hill Book Company, New York, New York, 1969.
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Communicated by G. Leitmann
The authors are indebted to Professor G. Leitmann for his valuable comments on an earlier version of this paper.
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Lee, K.T., Teo, K.C. Equilibrium points of a class of many-person games. J Optim Theory Appl 23, 285–303 (1977). https://doi.org/10.1007/BF00933053
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DOI: https://doi.org/10.1007/BF00933053