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Social and Behavioral Sciences Commons

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Economics

Electronic Theses and Dissertations

2016

Equilibrium

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Full-Text Articles in Social and Behavioral Sciences

Sperner's Lemma, The Brouwer Fixed Point Theorem, The Kakutani Fixed Point Theorem, And Their Applications In Social Sciences, Ayesha Maliwal Dec 2016

Sperner's Lemma, The Brouwer Fixed Point Theorem, The Kakutani Fixed Point Theorem, And Their Applications In Social Sciences, Ayesha Maliwal

Electronic Theses and Dissertations

Can a cake be divided amongst people in such a manner that each individual is content with their share? In a game, is there a combination of strategies where no player is motivated to change their approach? Is there a price where the demand for goods is entirely met by the supply in the economy and there is no tendency for anything to change? In this paper, we will prove the existence of envy-free cake divisions, equilibrium game strategies and equilibrium prices in the economy, as well as discuss what brings them together under one heading.

This paper examines three …