Non-singularity of the generalized logit dynamic with an application to fishing tourism

Abstract

Generalized logit dynamic defines a time-dependent integro-differential equation with which a Nash equilibrium of an iterative game in a bounded and continuous action space is expected to be approximated. We show that the use of the exponential logit function is essential for the approximability, which will not be necessarily satisfied with functions with convex exponential-like functions such as q-exponential ones. We computationally analyze this issue and discuss influences of the choice of the logit function through an application to a fishing tourism problem in Japan