Berge–zhukovskii Equilibria: Existence and Characterization

Abstract

In this paper, we investigate the existence of Berge-Zhukovskii equilibrium in general normal form games. We characterize its existence via the existence of a symmetric Nash equilibrium of some n-person subgame derived of the initial game. The significance of the obtained results is illustrated by two applications. One in economy with environmental externalities and the other in oligopoly markets.