• APPLICATION OF FIXED POINTS IN ECONOMICS AND GAME THEORY

DR. NIDHI ASTHANA*, DR. AKLESH PARIYA

Abstract


In recent years, fixed point theory played a significance role in different branches of Mathematics for example Topology, Complex analysis, Integral and Transformation theory functional analysis, ordinary and partial differential equations and serves as a useful tool in the study of nonlinear phenomena. This research article is the review of foundation of fixed point theory and its possible applications in Equilibrium price determination in Economics, Robustness to marginal changes and equilibrium stability and Nash Equilibrium in Game Theory.


Keywords


Fixed Point, contractive conditions, Equilibrium price determination in Economics, Game Theory.

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