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Persistent link: https://www.econbiz.de/10010416786
Frequently controls forming Nash equilibria in differential games are not Pareto optimal. This paper presents conditions that can be used to show the existence of strict Pareto improvements of Nash equilibria in such games. The conditions are based on standard tools in control theory. Copyright...
Persistent link: https://www.econbiz.de/10010950521
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.
Persistent link: https://www.econbiz.de/10009293645