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Nash equilibrium
(redirected from Nash-Cournot equilibrium)

   Also found in: Wikipedia 0.02 sec.

Nash equilibrium

In game theory, where two players collude to produce a situation where failure to collude would make them both worse off. It is named after the US mathematician John Nash (1928– ), who produced a mathematical formalization of such an equilibrium.



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? Mentioned in ? References in periodicals archive
 
Proposition 3: The Nash-Cournot equilibrium outputs of reliable information are given by the following:
If the state is x(t), then the Nash-Cournot equilibrium profit rate for firm i at t is
 
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