Equilibrium points of a class of many-person games

• DOI: 10.1007/bf00933053
• Publication Date: 2005-01-02T03:24:42Z
• Authors: K. T. Lee; K. C. Teo
• Keywords: Theory of computation; Equilibrium point

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.