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Pareto improvements of Nash equilibria in differential games

Author

Listed:
  • Seierstad, Atle

    (Dept. of Economics, University of Oslo)

Abstract

This paper yields sufficient conditions for Pareto inoptimality of controls forming Nash equilibria in differential games. In Appendix a result on existence of open loop Nash equilibria is added.

Suggested Citation

  • Seierstad, Atle, 2011. "Pareto improvements of Nash equilibria in differential games," Memorandum 19/2011, Oslo University, Department of Economics.
    • Handle: RePEc:hhs:osloec:2011_019
    as

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    File URL: https://www.sv.uio.no/econ/english/research/unpublished-works/working-papers/pdf-files/2011/Memo-19-2011.pdf
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    References listed on IDEAS

    as
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    2. Chiarella, Carl, et al, 1984. "On the Economics of International Fisheries," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 25(1), pages 85-92, February.
    3. G. Martín-Herrán & G. Zaccour, 2005. "Credibility of Incentive Equilibrium Strategies in Linear-State Differential Games," Journal of Optimization Theory and Applications, Springer, vol. 126(2), pages 367-389, August.
    4. Lancaster, Kelvin, 1973. "The Dynamic Inefficiency of Capitalism," Journal of Political Economy, University of Chicago Press, vol. 81(5), pages 1092-1109, Sept.-Oct.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Differential games; Nash equilibria; Pareto improvements;
    All these keywords.

    JEL classification:

    • C73 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Stochastic and Dynamic Games; Evolutionary Games

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