Article ID: | iaor20172941 |
Volume: | 25 |
Issue: | 2 |
Start Page Number: | 394 |
End Page Number: | 401 |
Publication Date: | Jul 2017 |
Journal: | TOP |
Authors: | Gutirrez E |
Keywords: | simulation, game theory, supply & supply chains |
In this paper we deal with linear production situations in which there is a limited common‐pool resource, managed by an external agent. The profit that a producer can attain depends on the amount of common‐pool resource obtained through a certain procedure. We contemplate a competitive process among the producers and study the corresponding non‐cooperative games, describing their (strict) Nash equilibria in pure strategies. It is shown that strict Nash equilibria form a subset of strong Nash equilibria, which in turn form a proper subset of Nash equilibria.