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Nash Equilibrium Existence without Convexity

Authors :
Kosowsky, Conrad
Publication Year :
2023

Abstract

In this paper, I prove the existence of a pure-strategy Nash equilibrium for a large class of games with nonconvex strategy spaces. Specifically, if each player's strategies form a compact, connected Euclidean neighborhood retract and if all best-response correspondences are null-homotopic, then the game has a pure-strategy Nash equilibrium. As an application, I show how this result can prove the fundamental theorem of algebra.<br />Comment: 9 pages

Subjects

Subjects :
Economics - Theoretical Economics

Details

Database :
arXiv
Publication Type :
Report
Accession number :
edsarx.2308.11597
Document Type :
Working Paper