Agreeability and time consistency in linear-state differential games (Q597159)

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scientific article; zbMATH DE number 2082522
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    Agreeability and time consistency in linear-state differential games
    scientific article; zbMATH DE number 2082522

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      Agreeability and time consistency in linear-state differential games (English)
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      6 August 2004
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      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.
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      Differential games
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      individual rationality
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      environmental economics
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      agreeability
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      time consistency
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