Agreeability and time consistency in linear-state differential games (Q597159)
From MaRDI portal
!
This is the item page for this Wikibase entity, intended for internal use and editing purposes. Please use the normal view instead:
scientific article; zbMATH DE number 2082522
| Language | Label | Description | Also known as |
|---|---|---|---|
| default for all languages | No label defined |
||
| English | Agreeability and time consistency in linear-state differential games |
scientific article; zbMATH DE number 2082522 |
Statements
Agreeability and time consistency in linear-state differential games (English)
0 references
6 August 2004
0 references
Consider a linear differential game \(G\), whose value function is therefore linear in the state variable. Let \(v\) be a cooperative solution of \(G\); \(u\), a noncooperative equilibrium of \(G\). \(v\) satisfies individual rationality if \(v\) is everywhere at least a great as \(u\) for player \(i\). The paper characterizes individually rational cooperative solutions, and relates those solutions to existing concepts in the literature (time consistency and agreeability). A numerical example of a linear differential pollution game is provided.
0 references
Differential games
0 references
individual rationality
0 references
environmental economics
0 references
agreeability
0 references
time consistency
0 references
0 references
0 references
0 references
0.8304641246795654
0 references
0.7918323874473572
0 references
0.7848118543624878
0 references