Showing 1 - 10 of 48
A simple sufficient condition is proved for symmetric Markov subgame perfect Nash equilibria in public-good differential games with a single state variable. The condition admits equilibria in feedback strategies that have discontinuous dependence on the state variable. The application of the...
Persistent link: https://www.econbiz.de/10013220330
Persistent link: https://www.econbiz.de/10013433607
Persistent link: https://www.econbiz.de/10011805154
Persistent link: https://www.econbiz.de/10013433663
In this article we analyze how the presence of thresholds influences multi agent decision making situations. We introduce a class of discounted autonomous optimal control problems with threshold effects and discuss tools to analyze these problems. Later, using these results we investigate two...
Persistent link: https://www.econbiz.de/10014174527
Persistent link: https://www.econbiz.de/10009512128
In this paper we consider open-loop Nash equilibria of the linear-quadratic differential game.As well the finite-planning-horizon, the infinite-planning horizon as convergence properties of the finite-planning-horizon equilibrium if the planning horizon is extended to infinity are...
Persistent link: https://www.econbiz.de/10011086798
Persistent link: https://www.econbiz.de/10011086920
Persistent link: https://www.econbiz.de/10011087206
Persistent link: https://www.econbiz.de/10011090552