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This paper is devoted to a theoretical and numerical investigation of Nash equilibria and Nash bargaining problems governed by bilinear (input-affine) differential models. These systems with a bilinear state-control structure arise in many applications in, e.g., biology, economics, physics,...
Persistent link: https://www.econbiz.de/10014503914
Frequently controls forming Nash equilibria in differential games are not Pareto optimal. This paper presents conditions that can be used to show the existence of strict Pareto improvements of Nash equilibria in such games. The conditions are based on standard tools in control theory. Copyright...
Persistent link: https://www.econbiz.de/10010950521
This note contains a detailed derivation of the equations of the recent mean field games theory (abbr. MFG), developed by M. Huang, P.E. Caines, and R.P. Malhamé on one hand and by J.-M. Lasry and P.-L. Lions on the other, associated with a class of stochastic differential games, where the...
Persistent link: https://www.econbiz.de/10011001873
Persistent link: https://www.econbiz.de/10010539582
Persistent link: https://www.econbiz.de/10009324563