Example: tourism industry

# Calculus of Variations - uni-leipzig.de

a **Nash equilibrium** if f1(x,y∗) ≤ f1(x∗,y∗) for all x ∈ S1 f2(x∗,y) ≤ f2(x∗,y∗) for all y ∈ S2. The functions f1, f2 are called payoﬀ functions of two players and the sets S1 and S2 are the strategy sets of the players. Under additional assumptions on fi and Si there exists a **Nash equilibrium**, see **Nash** [46]. In Section 2.4.5

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