Facultade de Fisioterapia

Equilibria in a competitive model arising from linear production situations with a common-pool resource

Gutiérrez, E.; Llorca, N.; Sánchez Soriano, J.; Mosquera Rodríguez, Manuel Alfredo
Abstract:
In this paper we deal with linear production situations in which there is a limited common-pool resource, managed by an external agent. The profit that a producer can attain depends on the amount of common-pool resource obtained through a certain procedure. We contemplate a competitive process among the producers and study the corresponding non-cooperative games, describing their (strict) Nash equilibria in pure strategies. It is shown that strict Nash equilibria form a subset of strong Nash equilibria, which in turn form a proper subset of Nash equilibria.
Year:
2017
Type of Publication:
Article
Keywords:
Linear production situations; Common-pool resource; Nash equilibrium
Journal:
Top
Volume:
25
Number:
2
Pages:
394-401
Month:
July
DOI:
https://doi.org/10.1007/s11750-017-0438-3
Hits: 1559