Skip to main content
Log in

Browder type fixed point theorems and Nash equilibria in generalized games

  • Published:
Journal of Fixed Point Theory and Applications Aims and scope Submit manuscript

Abstract

In this paper, we present two generalizations of the well-known Browder fixed point theorem, one of which is equivalent to the well-known Fan–Knaster–Kuratowski–Mazurkiewicz theorem. As applications, we apply these fixed point theorems to derive existence theorems for Nash equilibria in generalized games which generalize some existing existence theorems in the literature, including the well-known equilibrium existence theorem by Arrow and Debreu (Econometrica 22:265–290, 1954) and the existence theorem by Cubiotti (Int J Game Theory 26:267–273, 1997).

This is a preview of subscription content, log in via an institution to check access.

Access this article

Price excludes VAT (USA)
Tax calculation will be finalised during checkout.

Instant access to the full article PDF.

Similar content being viewed by others

References

  1. Arrow, K.J., Debreu, G.: Existence of an equilibrium for a competitive economy. Econometrica 22, 265–290 (1954)

    Article  MathSciNet  Google Scholar 

  2. Balaj, M., Muresan, S.: Generalizations of the Fan–Browder fixed point theorem and minimax inequalities. Arch. Math. 41, 399–407 (2005)

    MathSciNet  MATH  Google Scholar 

  3. Browder, F.E.: The fixed point theory of multi-valued mappings in topological vector spaces. Math. Ann. 177, 283–301 (1968)

    Article  MathSciNet  Google Scholar 

  4. Carmona, G., Podzek, K.: Existence of Nash equilibrium in games with a measure space of players and discontinuous payoff functions. J. Econ. Theory 152, 130–178 (2014)

    Article  MathSciNet  Google Scholar 

  5. Castellani, M., Giuli, G.: Existence of quasiequilibria in metric vector spaces. J. Math. Anal. Appl. 484, 12375 (2020)

    Article  MathSciNet  Google Scholar 

  6. Castellani, M., Giuli, G., Pappalardo, M.: Existence results for a wide class of equilibrium problems: a general scheme. J. Nonlinear Convex Anal. 21, 1219–1224 (2020)

    MathSciNet  Google Scholar 

  7. Cubiotti, P.: Existence of Nash equilibrium for generalized games without upper semicontinuity. Int. J. Game Theory 26, 267–273 (1997)

    Article  Google Scholar 

  8. Dasgupta, P., Maskin, E.: The existence of equilibrium in discontinuous economic games. Part I. Theory. Rev. Econ. Study 53, 1–26 (1986)

    Article  Google Scholar 

  9. Debreu, G.: A social equilibrium existence theorem. Proc. Natl. Acad. Sci. 38, 886–893 (1952)

    Article  MathSciNet  Google Scholar 

  10. Facchinei, F., Kanzow, C.: Generalized Nash equilibrium problems. 4OR 5, 173–210 (2007)

    Article  MathSciNet  Google Scholar 

  11. Fan, K.: Some properties of convex sets related to fixed point theorems. Math. Ann. 266, 519–537 (1984)

    Article  MathSciNet  Google Scholar 

  12. Fujimoto, A.: An extension of Tarskis fixed point theorem and its applications to isotone complementarity problems. Math. Program. 28, 116–118 (1984)

    Article  MathSciNet  Google Scholar 

  13. Glicksberg, I.L.: A further generalization of the Kakutani fixed point theorem with application to Nash equilibrium points. Proc. Natl. Acad. Sci. USA 38, 170–174 (1952)

    MathSciNet  MATH  Google Scholar 

  14. He, W., Yannelis, N.C.: Existence of Walrasian equilibria with discontinuous, non-ordered, interdependent and price-dependent preferences. Econ. Theory 61, 497–513 (2016)

    Article  MathSciNet  Google Scholar 

  15. Ichiishi, T.: Game theory for economic analysis. Economic Theory. Econometrics, and Mathematical Economics, pp. 55–76. Academic Press, New York (1983)

  16. Kakutani, S.: A generalization of Brouwer’s fixed point theorem. Duke Math. J. 8, 457–459 (1941)

    Article  MathSciNet  Google Scholar 

  17. Kim, W.K., Lee, K.H.: Existence of equilibrium and separation in generalized games. J. Math. Anal. Appl. 207, 316–325 (1997)

    Article  MathSciNet  Google Scholar 

  18. Li, J., Tammer, C.: Set optimization problems on ordered sets. Appl. Set-Valued Anal. Optim. 1, 77–94 (2019)

    Google Scholar 

  19. Muu, L.D., Quy, N.V.: DC-gap function and proximal methods for solving Nash-Cournot oligopolistic equilibrium models involving concave cost. J. Appl. Numer. Optim. 1, 13–24 (2019)

    Google Scholar 

  20. Nash, J.F.: Equilibrium points in N-person games. Proc. Natl. Acad. Sci. 36, 48–49 (1950)

    Article  MathSciNet  Google Scholar 

  21. von Neumann, J.: Über ein ökonomisches Gleichungssystem and eine Verallgemeinerung des Brouwerschen Fixpunktsatzes. Ergebnisse eines Math. Kolloqu. 8, 73–83 (1937)

    MATH  Google Scholar 

  22. Reny, P.: On the existence of pure and mixed strategy Nash equilibria in discontinuous games. Econometrica 67, 1029–1056 (1999)

    Article  MathSciNet  Google Scholar 

  23. Tarafdar, E.: A fixed point theorem equivalent to the Fan-Knaster–Kuratowski–Mazurkiewicz theorem. J. Math. Anal. Appl. 128, 475–479 (1987)

    Article  MathSciNet  Google Scholar 

  24. Tarski, A.: A lattice-theoretical fixed point theorem and its applications. Pacific J. Math. 5, 285–309 (1955)

    Article  MathSciNet  Google Scholar 

  25. Tian, G.: Generalizations of the FKKM theorem and the Ky Fan Minimax inequality, with applications to maximal elements, price equilibrium, and complementarity. J. Math. Anal. Appl. 170, 457–471 (1992)

    Article  MathSciNet  Google Scholar 

  26. Wu, X.: A new fixed point theorem and its applications. Proc. Am. Math. Society 125, 1779–1783 (1997)

    Article  MathSciNet  Google Scholar 

  27. Yannelis, N.C., Prabhakar, N.D.: Existence of maximal elements and equilibria in linear topological spaces. J. Math. Econ. 12, 233–245 (1983)

    Article  MathSciNet  Google Scholar 

Download references

Acknowledgements

The authors would like to thank the referees for their helpful and inspiring suggestions and comments which resulted significant improvements to the paper. We also would like to thank the referee for providing us some most recent references related to our work.

Author information

Authors and Affiliations

Authors

Corresponding author

Correspondence to Jiuqiang Liu.

Additional information

Publisher's Note

Springer Nature remains neutral with regard to jurisdictional claims in published maps and institutional affiliations.

Rights and permissions

Reprints and permissions

About this article

Check for updates. Verify currency and authenticity via CrossMark

Cite this article

Liu, J., Wang, M. & Yuan, Y. Browder type fixed point theorems and Nash equilibria in generalized games. J. Fixed Point Theory Appl. 22, 71 (2020). https://doi.org/10.1007/s11784-020-00806-4

Download citation

  • Published:

  • DOI: https://doi.org/10.1007/s11784-020-00806-4

Keywords

JEL Classification

Navigation