Infinite-horizon stochastic differential games with branching payoffs.

DOI10.1023/A:1011994604278MaRDI QIDQ5956439zbMATH OpenOpenAlexFDO

Authors David W. K. Yeung

Publication date 2001

Published in Journal of Optimization Theory and Applications (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1023/a:1011994604278

zbMATH Keywords

Nash equilibriumresource extractionstochastic differential games

Mathematics Subject Classification ID

Differential games and control (49N70) Stochastic games, stochastic differential games (91A15) Differential games (aspects of game theory) (91A23) Environmental economics (natural resource models, harvesting, pollution, etc.) (91B76)

Review text

The authors consider infinite horizon stochastic differential games with autonomous structure and steady branching payoffs. A theorem on the characterization of a Nash equilibrium solution for this kind of games is provided. An application in renewable resource extraction is presented to illustrate the solution mechanism.

Recommendations

• Infinite-horizon non-zero-sum stochastic differential games with additive structure
• scientific article; zbMATH DE number 2212589
• An overlapping generations stochastic differential game
• Infinite horizon noncooperative differential games
• Constructions of Nash equilibria in stochastic games of resource extraction with additive transition structure

Cites work

• A differential game model of a market of substitutable products
• A stochastic differential game of institutional investor speculation.
• Competitive dynamic advertising. A modification of the Case game
• Dynamic common property resources and environmental problems
• Equilibria in a stochastic resource management game under imperfect information
• scientific article; zbMATH DE number 50791 (Why is no real title available?)
• scientific article; zbMATH DE number 3505708 (Why is no real title available?)
• scientific article; zbMATH DE number 3568288 (Why is no real title available?)
• scientific article; zbMATH DE number 706270 (Why is no real title available?)
• Stochastic differential game model of a common property fishery

Cited in

(14)

• On infinite dimensional stochastic differential games
• Stochastic differential games for which the open-loop equilibrium is subgame perfect
• Subgame-consistent cooperative solutions in randomly furcating stochastic differential games
• Subgame consistent solutions of a cooperative stochastic differential game with nontransferable payoffs
• Infinite horizon dynamic games: a new approach via information updating
• Infinite Horizon Dynamic Games: A New Approach via Information Updating
• scientific article; zbMATH DE number 1842068 (Why is no real title available?)
• DYNAMICALLY CONSISTENT SOLUTION FOR A POLLUTION MANAGEMENT GAME IN COLLABORATIVE ABATEMENT WITH UNCERTAIN FUTURE PAYOFFS
• Subgame consistent cooperative solutions for randomly furcating stochastic dynamic games with uncertain horizon
• Guaranteeing cost strategies for infinite horizon difference games with uncertain dynamics
• SOLUTION MECHANISMS FOR COOPERATIVE STOCHASTIC DIFFERENTIAL GAMES
• scientific article; zbMATH DE number 2212589 (Why is no real title available?)
• Subgame consistent cooperative solutions in stochastic differential games
• Dynamic games in management science with interest rate uncertainty

This page was built for publication: Infinite-horizon stochastic differential games with branching payoffs.

Report a bug (only for logged in users!)Click here to report a bug for this page (MaRDI item Q5956439)