Department of Applied Mathematics & Physics, Kyoto University

Technical Report 2002-009 (October 30, 2002)

Quasi-variational inequalities, generalized Nash equilibria, and multi-leader-follower games
by Jong-Shi Pang and Masao Fukushima

PostScript File

The noncooperative multi-leader-follower game can be formulated as a generalized Nash equilibrium problem where each player solves a nonconvex mathematical program with equilibrium constraints. Two major deficiencies exist with such a formulation: One is that the resulting Nash equilibrium may not exist, due to the nonconvexity in each player