Feedback solution of a class of differential games with endogenous horizons (Q5925751)

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.