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An adaptive differential evolution algorithm based on relaxation strategy to realize the Nash equilibrium of multi-oligopoly game

Authors: Li, Huimin; Xiang, Shuwen; Huang, Shiguo; Luo, Enquan;

An adaptive differential evolution algorithm based on relaxation strategy to realize the Nash equilibrium of multi-oligopoly game

Abstract

Inspired by the idea of game learning, this paper studies the Cournot game model of the multi-oligopoly market and studies the realization of the Nash equilibrium by using adaptive differential evolution algorithm based on relaxation strategies. The realization path of Nash equilibrium is attained through an adaptive differential evolution based on a relaxation strategy procedure applied to an objective function with best response dynamics. Among them, the objective function is derived from the sum of the payoff changes of each oligopoly under best response decisions. And theoretically proved that the Nash equilibrium is the optimal solution of the objective function.

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Keywords

Multi-oligopoly game, Nash equilibrium, best response dynamics, bounded rationality, improved differential evolution algorithm.

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selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
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