Perfect equilibrium in non-randomized strategies in a class of symmetric dynamic games (Q1825779)
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scientific article; zbMATH DE number 4121800
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| English | Perfect equilibrium in non-randomized strategies in a class of symmetric dynamic games |
scientific article; zbMATH DE number 4121800 |
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Perfect equilibrium in non-randomized strategies in a class of symmetric dynamic games (English)
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1989
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The game considered has a direct interpretation in the oligopolistic exploitation of common-property resources and is, as a dynamic game, characterized by a compact state space, a deterministic transition function and an instantaneous utility function common to all the players. The main result establishes the existence of a symmetric stationary equilibrium with some specific analytical properties.
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perfect equilibrium
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oligopolistic exploitation
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common-property resources
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dynamic game
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compact state space
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deterministic transition function
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instantaneous utility function
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existence of a symmetric stationary equilibrium
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0.8520902395248413
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0.8118453621864319
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