| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5099747 | Journal of Economic Dynamics and Control | 2006 | 19 Pages |
Abstract
We analyze (numerically) how the dynamics and the Skiba-like point change as the variance of the noise (the rain) increases. The numerical analysis uses a result of Dechert (1978. Optimal control problems from second order difference equations. Journal of Economic Theory 19, 50-63) to construct a potential function for the dynamic game. This greatly reduces the computational burden in finding Nash equilibria solutions for the dynamic game.
Keywords
Related Topics
Physical Sciences and Engineering
Mathematics
Control and Optimization
Authors
W.D. Dechert, S.I. O'Donnell,