New General Nash Equilibrium Concept Revolutionizes Game Theory and Economics
The article introduces a new concept called general Nash equilibrium, which combines two existing equilibrium ideas into one. This new concept can be used in all types of games, making it more versatile. The researchers also expand on the concept of general equilibrium theory to make it applicable to all games. By applying these new ideas to industrial organizations and general equilibrium theory, the researchers show how they can be useful in understanding different scenarios.