This note investigates a Stackelberg—Nash competition model. We determine the conditions under which the leaders may achieve better profits than the followers when all firms compete on quantity in a ...

Christina Majaski writes and edits finance, credit cards, and travel content. She has 14+ years of experience with print and digital publications. Robert Kelly is managing director of XTS Energy LLC, ...

Nash equilibrium lies at the heart of game theory, representing a condition in which every participant chooses a strategy that optimises their individual outcome given the strategies of the others.

This week “The Economist explains” is given over to economics. For each of six days until Saturday this blog will publish a short explainer on a seminal idea. ECONOMISTS can usually explain the past ...

Holt, Charles A., and Alvin E. Roth. "The Nash Equilibrium: A Perspective." Proceedings of the National Academy of Sciences 101, no. 12 (March 23, 2004): 3999–4002.

Gordon Scott has been an active investor and technical analyst or 20+ years. He is a Chartered Market Technician (CMT). Nash equilibrium is a game theory state where a change in one participant's ...

Models of distribution channels have defined retailer and manufacturer pricing decision variables in different ways, such as absolute retail price or absolute retail margin and absolute manufacturer ...

If you think that there are decent societies, then you probably also believe it is possible for most people to be decent in a Nash equilibrium. That is because any long-run social outcome is close to ...