1. A differentiable function f is (strictly) concave on an interval if and only if its derivative function f ′ is (strictly) monotonically decreasing on that interval, that is, a concave function has a non-increasing (decreasing) slope. 2. Points where concavity changes (between concave and convex) are inflection points. WebNov 20, 2016 · Concave games provide an attractive setting for many applications of differential games in economics, management science and engineering, and state coupling constraints happen to be quite natural...
Stable games and their dynamics - ScienceDirect
WebIt is shown that for a strictly con-cave game the system is globally asymptotically stable with respect to the unique equilibrium point of the game. Finally, it is shown how a … WebJul 1, 2009 · Existence and uniqueness of equilibrium points for concave n-person games. Econometrica, 33 (1965), pp. 520-534. CrossRef Google Scholar [44] W.H. Sandholm. Potential games with continuous player sets. J. Econ. Theory, 97 (2001), pp. 81-108. View PDF View article View in Scopus Google Scholar [45] high school musical 3 full movie greek subs
(PDF) Infinite Horizon Concave Games with Coupled Constraints
Webi(·)isthestatic(concave)payofffor player i contingent on full utilisation of production capacity, c 3,i(·)2 is a quadratic investment cost†, k(·) is the capacity’s scrap value function and ρthe discount factor. Definition 1. We say that strategies u∗ 1,u ∗ 2,u ∗ 3 constitute a feedback-Nash (or Markovian subgame-perfect ... WebGENERALISING DIAGONAL STRICT CONCAVITY PROPERTY 219 A sufficient condition for the familyVto be diagonally strictly concave (convex) for a given r ‚0 is that the … WebWe say that a graph is concave up if the line between two points is above the graph, or alternatively if the first derivative is increasing. (In finance, such a curve is said to be convex.) Similarly, we say that a graph is concave down if the line between two points is below the graph, or alternatively if the first derivative is decreasing. how many cigarette companies