Publication | Closed Access
Inefficiency of Nash Equilibria
333
Citations
4
References
1986
Year
EconomicsNon-cooperative Game TheoryEquilibrium ProblemGame TheoryNash EquilibriaPareto SenseBusinessStatic Game TheoryComputational Game TheoryGamesSmooth GamesMechanism DesignPrice Of Anarchy
It is shown that Nash Equilibria of smooth games generally tend to be inefficient in the Pareto sense.
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