The local stability of an open-loop Nash equilibrium in a finite horizon differential game

DOI10.1016/0304-4068(83)90009-5zbMath0538.90105OpenAlexW2076611723MaRDI QIDQ793650

David Hart, Leonard K. Cheng

Publication date: 1983

Published in: Journal of Mathematical Economics (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/0304-4068(83)90009-5

zbMATH Keywords

maximum principlestability analysisNash equilibrium'Cournot-Nash reaction function'economic processesfinite time differential gamelocally asymptotic stability

Mathematics Subject Classification ID

Noncooperative games (91A10) Differential games (aspects of game theory) (91A23) Economic growth models (91B62) Other game-theoretic models (91A40)

Related Items (1)

Turnpike properties of capital accumulation games

Cites Work

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• The stability of Cournot revisited
• Optimal control on an infinite time horizon
• Saddle points of Hamiltonian systems in convex Lagrange problems having a nonzero discount rate
• Global asymptotic stability of optimal control systems with applications to the theory of economic growth
• The structure and stability of competitive dynamical systems
• Complete stability of noncooperative games
• Some new results on the local stability of the process of capital accumulation
• Nonzero-sum differential games

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