On Time Consistency in Stackelberg Differential Games

This paper explores a class of Stackelberg differential games in which the open-loop strategies of the leader satisfies time consistency. We show that in this class of games the open-loop equilibrium coincides with the corresponding feedback equilibrium. The analytical framework used in this paper involves the models examined by the several recent contributions to the time consistency issue as special cases.

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Year of publication:	2001-07
Authors:	Mino, Kazuo
Institutions:	Volkswirtschaftliche Fakultät, Ludwig-Maximilians-Universität München
Subject:	Stackelberg differential game \| open-loop equilibrium \| feedback equilibrium \| time consistency

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Extent:	application/pdf
Series:	MPRA Paper.
Type of publication:	Book / Working Paper
Classification:	C60 - Mathematical Methods and Programming. General ; C73 - Stochastic and Dynamic Games
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005105917