Feedback solution of a class of differential games with endogenous horizons (Q5925751)
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scientific article; zbMATH DE number 1566537
| Language | Label | Description | Also known as |
|---|---|---|---|
| English | Feedback solution of a class of differential games with endogenous horizons |
scientific article; zbMATH DE number 1566537 |
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Feedback solution of a class of differential games with endogenous horizons (English)
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19 February 2001
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feedback equilibrium Nash
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common-pool resource
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A Feedback Nash Equilibrium (FNE) of a differential game consists of strategies which are dependant on the current state of the game and current time, and form a vector of best responses to one other. This paper characterizes FNE for a broad class of differential games; the existence question is left open. The paper then studies in detail the classical \(n\)-player common-pool resource extraction problem, at whose FNE the terminal state of the game \(T\) is endogenously determined.
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