On local uniqueness of normalized Nash equilibria
Vladimir Shikhman

TL;DR
This paper investigates the local uniqueness of normalized Nash equilibria in generalized Nash equilibrium problems, introducing a nondegeneracy condition that ensures local uniqueness and analyzing its implications in nonconvex settings.
Contribution
The paper introduces a nondegeneracy condition for normalized Nash equilibria in GNEPs and proves it guarantees local uniqueness, highlighting differences from existing convex case conditions.
Findings
Nondegeneracy is generically satisfied for normalized Nash equilibria.
Nondegeneracy ensures local uniqueness of equilibria.
The notion differs from classical convex case conditions.
Abstract
For generalized Nash equilibrium problems (GNEP) with shared constraints we focus on the notion of normalized Nash equilibrium in the nonconvex setting. The property of nondegeneracy for normalized Nash equilibria is introduced. Nondegeneracy refers to GNEP-tailored versions of linear independence constraint qualification, strict complementarity and second-order regularity. Surprisingly enough, nondegeneracy of normalized Nash equilibrium does not prevent from degeneracies at the individual players' level. We show that generically all normalized Nash equilibria are nondegenerate. Moreover, nondegeneracy turns out to be a sufficient condition for the local uniqueness of normalized Nash equilibria. We emphasize that even in the convex setting the proposed notion of nondegeneracy differs from the sufficient condition for (global) uniqueness of normalized Nash equilibria, which is known…
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Taxonomy
TopicsEconomic theories and models · Optimization and Variational Analysis
