A large class of nonzero-sum symmetric stochastic games of capital accumulation/resource extraction is considered. An iterative method leading to a Nash equilibrium in the infinite horizon game with the discounted evaluation is studied. Copyright Springer-Verlag 2004

A large class of nonzero-sum symmetric stochastic games of capital accumulation/resource extraction is considered. An iterative method leading to a Nash equilibrium in the infinite horizon game with the discounted evaluation is studied. Copyright Springer-Verlag 2004

In this paper we analyse the equilibrium structure for a particular type of electricity market. We consider a market with two generators offering electricity into a pool. Generators are centrally dispatched, with cheapest offers used first. The pool price is determined as the highest-priced...

Far away from any ideological point of view, our aim in this paper is to study, in a differential-game-theoretical approach, the standard growth model. Our baseline model comes from Kaitala y Pohjola (2009) based on the original ideas of Lancaster (1973). We focus on the computation of feedback...

This book offers an extensive and original study of the dynamics of rivalry, evolution of costly and violent conflicts, and potential cooperation among powerful players. It unravels the special features of the global socio-economic system that can make it extremely fragile and vulnerable. It...

The notion of Nash equilibria plays a key role in the analysis of strategic interactions in the framework of N player games. Analysis of Nash equilibria is however a complex issue when the number of players is large. In this article we emphasize the role of optimal transport theory in: 1) the...