The Nash Equilibrium Analysis of the Final Price Arbitration Model

Feng Jingjing
2020 Proceedings of the 5th International Conference on Financial Innovation and Economic Development (ICFIED 2020)   unpublished
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
more » ... istribution, Weibull distribution, exponential distribution, Rayleigh distribution, Pareto distribution. The preference scheme of arbiter can get better profits. , then X is called continuous random variable and () fx is the probability density function of random variable X .
doi:10.2991/aebmr.k.200306.043 fatcat:wrrtvraw3jckhocuyi6rmcok6m