Direct method comparing efficient and nonefficient payoffs in differential games (Q597182): Difference between revisions
From MaRDI portal
Set profile property. |
ReferenceBot (talk | contribs) Changed an Item |
||
| Property / cites work | |||
| Property / cites work: Distribution and Growth as a Differential Game between Workers and Capitalists / rank | |||
Normal rank | |||
| Property / cites work | |||
| Property / cites work: Q4132299 / rank | |||
Normal rank | |||
| Property / cites work | |||
| Property / cites work: Dynamic noncooperative game theory / rank | |||
Normal rank | |||
Latest revision as of 18:00, 6 June 2024
scientific article
| Language | Label | Description | Also known as |
|---|---|---|---|
| English | Direct method comparing efficient and nonefficient payoffs in differential games |
scientific article |
Statements
Direct method comparing efficient and nonefficient payoffs in differential games (English)
0 references
6 August 2004
0 references
A method is proposed for determining whether a Markov-perfect Nash equilibrium of a differential game is Pareto efficient, without knowledge of the explicit solutions to the Hamilton-Jacobi-Bellman equations. A sufficient condition is provided in terms of an algebraic inequality where the gradient of the value functions of the cooperative and non-cooperative games as well as the state and control variables are involved.
0 references
differential games
0 references
Markov-perfect Nash equilibrium
0 references
Pareto optimum
0 references
Hamilton-Jacobi-Bellman equations
0 references
