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Direct method comparing efficient and non-efficient payoffs in differential games

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dc.affiliation.dptoUC3M. Departamento de Economíaes
dc.contributor.authorRincón-Zapatero, Juan Pablo
dc.contributor.authorMartín-Herrán, G.
dc.date.accessioned2012-10-04T11:07:17Z
dc.date.available2012-10-04T11:07:17Z
dc.date.issued2003
dc.descriptionThe original publication is available at www.springerlink.com
dc.description.abstractIn this note, we present a method that allows us to decide when a Markov-perfect Nash equilibrium is not Pareto optimum, without the explicit knowledge of the respective solutions. For that purpose, we establish a sufficient condition in terms of an algebraic inequality where the gradient of the value functions of the cooperative and noncooperative games as well as the state and control variables are involved.
dc.description.sponsorshipThe first author acknowledges financial support from Junta de Castilla y León Project VA 108 01 and Dirección General de Investigación Project BFM2002–00425. The second author acknowledges financial support from JCYL Project VA051 03 and MCYT Project BEC2002-0236, cofinanced by FEDER funds.
dc.description.statusPublicado
dc.format.mimetypeapplication/pdf
dc.format.mimetypetext/plain
dc.identifier.bibliographicCitationJournal of Optimization Theory and Applications. 2003, vol. 119, nº 2, p. 395-405
dc.identifier.doi10.1023/B:JOTA.0000005453.96575.2a
dc.identifier.issn0022-3239
dc.identifier.publicationfirstpage395
dc.identifier.publicationissue2
dc.identifier.publicationlastpage405
dc.identifier.publicationtitleJournal of Optimization Theory and Applications
dc.identifier.publicationvolume119
dc.identifier.urihttps://hdl.handle.net/10016/5567
dc.language.isoeng
dc.publisherSpringer
dc.relation.publisherversionhttp://dx.doi.org/10.1023/B:JOTA.0000005453.96575.2a
dc.rights© Plenum
dc.rights.accessRightsopen access
dc.subject.ecienciaEconomía
dc.subject.otherDifferential games
dc.subject.otherMarkov-perfect Nash equilibrium
dc.subject.otherPareto optimum
dc.subject.otherHamilton-Jacobi-Bellman equations
dc.titleDirect method comparing efficient and non-efficient payoffs in differential games
dc.typeresearch article*
dc.type.hasVersionAM*
dc.type.reviewPeerReviewed
dspace.entity.typePublication
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