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a characterization of feedback Nash equilibria in a deterministic context …
Persistent link: https://www.econbiz.de/10012722823
In this note we consider the non-cooperative linear feedback Nash quadratic differential game with an infinite planning horizon for descriptor systems of index one. The performance function is assumed to be indefinite. We derive both necessary and sufficient conditions under which this game has...
Persistent link: https://www.econbiz.de/10014192996
The effects of random environmental impacts on optimal exploitation of a fish population are investigated using both optimization and simulation, based on a discrete-time age-structured bioeconomic model. The optimization problem is solved as a non-linear programming problem in GAMS. First, a...
Persistent link: https://www.econbiz.de/10012989613
In this article we address the problem of finding feedback Nash equilibria for linear quadratic differential games … conditions for the existence of the feedback Nash equilibria for index 1 descriptor systems and show that there exist many … informationally non-unique equilibria corresponding to a single solution of the game. Further, for descriptor systems with index …
Persistent link: https://www.econbiz.de/10013131491
bid among all unique bids. Such auctions admit very many Nash equilibria (NEs) in pure and mixed strategies. The two …
Persistent link: https://www.econbiz.de/10014047495
We study strategic negotiation models featuring costless delay, general recognition procedures, endogenous voting orders, and finite sets of alternatives. Two examples show: 1. non-existence of stationary subgame-perfect equilibrium (SSPE). 2. the recursive equations and optimality conditions...
Persistent link: https://www.econbiz.de/10013029808
In this note we reconsider Nash equilibria for the linear quadratic differential game for an infinite planning horizon … sufficient conditions for existence of Nash equilibria for this game under the assumption that the system as a whole is …
Persistent link: https://www.econbiz.de/10013104566
In this note we consider the non-cooperative linear feedback Nash quadratic differential game with an infinite planning horizon. The performance function is assumed to be indefinite and the underlying system affine. We derive both necessary and sufficient conditions under which this game has a...
Persistent link: https://www.econbiz.de/10014192997
We study strategic negotiation models featuring costless delay, general recognition procedures, endogenous voting orders, and finite sets of alternatives. Two examples show: 1. non-existence of stationary subgame-perfect equilibrium (SSPE). 2. the recursive equations and optimality conditions...
Persistent link: https://www.econbiz.de/10014036435
We discuss a few supply chain design concepts and optimization models that have been applied in the energy sector. It is not our intention to provide a comprehensive review of the vast literature. Our goal is to provide the reader with pointers to some interesting and challenging problems,...
Persistent link: https://www.econbiz.de/10014035039