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Identification of Efficient Subgame-Perfect Nash Equilibria in a Class of Differential Games1

Author

Listed:
  • J. P. Rincón-Zapatero

    (Universidad de Valladolid)

  • G. Martín-Herrán

    (Universidad de Valladolid)

  • J. Martínez

    (Universidad de Valladolid)

Abstract

We present a method for the characterization of subgame-perfect Nash equilibria being Pareto efficient in a class of differential games. For that purpose, we propose a new approach based on new necessary and sufficient conditions for computing subgame-perfect Nash equilibria.

Suggested Citation

  • J. P. Rincón-Zapatero & G. Martín-Herrán & J. Martínez, 2000. "Identification of Efficient Subgame-Perfect Nash Equilibria in a Class of Differential Games1," Journal of Optimization Theory and Applications, Springer, vol. 104(1), pages 235-242, January.
    • Handle: RePEc:spr:joptap:v:104:y:2000:i:1:d:10.1023_a:1004693109541
    DOI: 10.1023/A:1004693109541
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    1. Bas Aarle & Lans Bovenberg & Matthias Raith, 1995. "Monetary and fiscal policy interaction and government debt stabilization," Journal of Economics, Springer, vol. 62(2), pages 111-140, June.
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