The Nash Equilibrium Analysis of the Final Price Arbitration Model

DOI

10.2991/aebmr.k.200306.043How to use a DOI?

Keywords

Cauchy distribution, Laplace distribution, Weibull distribution, Rayleigh distribution, Pareto distribution

Abstract

Using the model of the last asking price arbitration mechanism, taking the welfare of employees as an example, the paper describes the welfare problem and analyzes the Nash equilibrium solution of the welfare problem of employees under the model of the last asking price arbitration. Finally, the Nash equilibrium solution of the model of the last asking price arbitration mechanism is given under the conditions of the probability distribution of Cauchy distribution, uniform distribution, Laplace distribution, Weibull distribution, exponential distribution, Rayleigh distribution, Pareto distribution. The preference scheme of arbiter can get better profits.

Copyright

© 2020, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Feng Jingjing
PY  - 2020
DA  - 2020/03/11
TI  - The Nash Equilibrium Analysis of the Final Price Arbitration Model
BT  - Proceedings of the 5th International Conference on Financial Innovation and Economic Development (ICFIED 2020)
PB  - Atlantis Press
SP  - 246
EP  - 251
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.200306.043
DO  - 10.2991/aebmr.k.200306.043
ID  - Jingjing2020
ER  -