scholarly journals Existence theory for games of pricing and technology

2002 ◽  
Vol 43 (4) ◽  
pp. 575-585
Author(s):  
Kokou Y. Abalo ◽  
Michael M. Kostreva

AbstractA differential game model of a technological service industry is reformulated as an equivalent game over a function space by direct substitution of the solutions of the state equations. For this game, Nash equilibria are shown to exist under certain mild assumptions. A generalization is considered in which each firm has a choice of three different objective functions, which may reflect distinct management options in a technological service industry. Nash equilibria for the generalized version exist under similar mild assumptions.

2011 ◽  
Vol 43 (1) ◽  
pp. 97-120 ◽  
Author(s):  
Christian-Oliver Ewald ◽  
Yajun Xiao

Within an anticipative stochastic calculus framework, we study a market game with asymmetric information and feedback effects. We derive necessary and sufficient criteria for the existence of Nash equilibria and study how general welfare is affected by the level of information. In particular, we show that, under certain conditions in a competitive environment, an increased level of information may in fact lower the level of general welfare, leading to the so-called Hirshleifer effect (see Hirshleifer (1971)). Finally, we determine equilibrium prices for particular pieces of information, by extending our market game with a pre-stage, in which information is traded.


2009 ◽  
Vol 50 ◽  
Author(s):  
Sigutė Vakarinienė ◽  
Gintautas Misevičius

This research suggests a Nash equilibria model for the selection of investment portfolios. The components of portfolio are found by solving linear programming task with binary variables. In the experimental part of the research ineffective portfolios exerted from this model are tested referring to the statistical data of the stock market indexes of several countries. Realizations of the suggested portfolios are compared to realizations of effective portfolios.


2011 ◽  
Vol 43 (01) ◽  
pp. 97-120
Author(s):  
Christian-Oliver Ewald ◽  
Yajun Xiao

Within an anticipative stochastic calculus framework, we study a market game with asymmetric information and feedback effects. We derive necessary and sufficient criteria for the existence of Nash equilibria and study how general welfare is affected by the level of information. In particular, we show that, under certain conditions in a competitive environment, an increased level of information may in fact lower the level of general welfare, leading to the so-called Hirshleifer effect (see Hirshleifer (1971)). Finally, we determine equilibrium prices for particular pieces of information, by extending our market game with a pre-stage, in which information is traded.


2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Michel C. Delfour

PurposeThe object of the paper is to illustrate how to obtain the topological derivative as a semidifferential in a general and practical mathematical setting for d-dimensional perturbations of a bounded open domain in the n-dimensional Euclidean space.Design/methodology/approachThe underlying methodology uses mathematical notions and powerful tools with ready to check assumptions and ready to use formulas via theorems on the one-sided derivative of parametrized minima and minimax.FindingsThe theory and the examples indicate that the methodology applies to a wide range of problems: (1) compliance and (2) state constrained objective functions where the coupled state/adjoint state equations appear without a posteriori substitution of the adjoint state.Research limitations/implicationsDirect approach that considerably simplifies the analysis and computations.Originality/valueIt was known that the shape derivative was a differential. But the topological derivative is only a semidifferential, that is, a one-sided directional derivative, which is not linear with respect to the direction, and the directions are d-dimensional bounded measures.


1988 ◽  
Vol 110 (4) ◽  
pp. 459-463 ◽  
Author(s):  
C. R. Hammond ◽  
G. E. Johnson

The Method of Alternate Formulations (MAF) is a new method of global information extraction for constrained, nonlinear optimization problems. MAF automatically generates the complete set of candidate solution points for these optimization problems using a symbolic mathematics computer package. MAF uses ideas and techniques from both the Method of Optimal Design and Monotonicity Analysis to reduce and formulate the problem. The reduced problem is repeatedly reformulated to develop state equations and objective functions in terms of all possible variable partitions. Trend analysis on the decision variables in the objective functions yields global information about constraint activity at possible solution points. Trend analysis on all of the possible formulations of the objective functions yields the complete set of candidate solutions. The state equations in each partition of the variables are used to test the feasibility of these candidate solutions, and the best feasible point is selected as the optimum solution. MAF can be used as a preprocessor for standard numerical optimization techniques and can be extended to nonmonotonic problems.


Author(s):  
Neng-Yu Zhang ◽  
Bruce F. McEwen ◽  
Joachim Frank

Reconstructions of asymmetric objects computed by electron tomography are distorted due to the absence of information, usually in an angular range from 60 to 90°, which produces a “missing wedge” in Fourier space. These distortions often interfere with the interpretation of results and thus limit biological ultrastructural information which can be obtained. We have attempted to use the Method of Projections Onto Convex Sets (POCS) for restoring the missing information. In POCS, use is made of the fact that known constraints such as positivity, spatial boundedness or an upper energy bound define convex sets in function space. Enforcement of such constraints takes place by iterating a sequence of function-space projections, starting from the original reconstruction, onto the convex sets, until a function in the intersection of all sets is found. First applications of this technique in the field of electron microscopy have been promising.To test POCS on experimental data, we have artificially reduced the range of an existing projection set of a selectively stained Golgi apparatus from ±60° to ±50°, and computed the reconstruction from the reduced set (51 projections). The specimen was prepared from a bull frog spinal ganglion as described by Lindsey and Ellisman and imaged in the high-voltage electron microscope.


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