Equilibrium in a dynamic game of capital accumulation with the overtaking criterion

A stationary overtaking equilibrium is constructed for a class of discrete-time games of capital accumulation. A verification of the equilibrium properties is made using some functional characterization of the overtaking optimality in dynamic programming.

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Year of publication:	2008
Authors:	Nowak, Andrzej S.
Published in:	Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 99.2008, 2, p. 233-237
Publisher:	Elsevier

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Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005270444