An exponential differential game which admits a simple Nash solution

DOI10.1007/BF00938442MaRDI QIDQ795758zbMATH OpenOpenAlexFDO

Authors Steffen Jørgensen

Publication date 1985

Published in Journal of Optimization Theory and Applications (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1007/bf00938442

zbMATH Keywords

closed-loop equilibriumexponential game structuresN-person nonzero-sum differential gamesNash-optimal controlsopen-loop controlsoptimal exploitation of an exhaustible resource

Mathematics Subject Classification ID

Differential games (aspects of game theory) (91A23) Applications of game theory (91A80) Environmental economics (natural resource models, harvesting, pollution, etc.) (91B76)

Review text

This paper deals with a class of N-person nonzero-sum differential games where the control variables enter into the state equations as well as the payoff functionals in an exponential way. Due to the structure of the game, Nash-optimal controls are easily determined. The equilibrium in open-loop controls is also a closed-loop equilibrium. An example of optimal exploitation of an exhaustible resource is presented.

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Cites work

• A class of differential games for which the closed-loop and open-loop Nash equilibria coincide
• A class of trilinear differential games
• A note on the use of direct sufficient conditions in optimal control problems
• Differential game models in management science
• Further properties of nonzero-sum differential games
• scientific article; zbMATH DE number 3510107 (Why is no real title available?)
• scientific article; zbMATH DE number 706270 (Why is no real title available?)
• On nonunique closed-loop Nash equilibria for a class of differential games with a unique and degenerated feedback solution
• Profit maximization through advertising: A nonzero sum differential game approach
• Some Sufficiency Conditions for Pareto-Optimal Control

Cited in

(5)

• A class of differential games which admits a feedback solution with linear value functions
• Stochastic differential games for which the open-loop equilibrium is subgame perfect
• scientific article; zbMATH DE number 3920250 (Why is no real title available?)
• The Leitmann-Schmitendorf advertising differential game
• Tractable classes of nonzero-sum open-loop Nash differential games: Theory and examples

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