| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 9555866 | Journal of Economic Dynamics and Control | 2005 | 24 Pages |
Abstract
In this paper, we present a method for the characterization of Markov perfect Nash equilibria being Pareto efficient in non-linear differential games. For that purpose, we use a new method for computing Nash equilibria with Markov strategies by means of a system of quasilinear partial differential equations. We apply the necessary and sufficient conditions derived to characterize efficient Markov perfect Nash equilibria to dynamic fishery games.
Related Topics
Physical Sciences and Engineering
Mathematics
Control and Optimization
Authors
G. MartÃn-Herrán, J.P. Rincón-Zapatero,