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In this paper we consider the linear quadratic differential game for descriptor systems that have index one. We derive both necessary and sufficient conditions for existence of an open-loop Nash equilibrium
Persistent link: https://www.econbiz.de/10014219139
The aim of the present study is to construct a state feedback controller for a given linear system that minimizes the worst-case effect of an L 2 -bounded disturbance. Our setting is different from the usual framework of H1-theory in that we consider nonzero initial conditions. The situation is...
Persistent link: https://www.econbiz.de/10014143323
This note analyzes in a fishery management problem the effects of relaxing one of the usual assumptions in the literature of dynamic games. Specifically, the assumption that players restrict to strategies that stabilize the system. Previous works in the literature have shown that feedback Nash...
Persistent link: https://www.econbiz.de/10012950179
A simple sufficient condition is proved for symmetric Markov subgame perfect Nash equilibria in public-good differential games with a single state variable. The condition admits equilibria in feedback strategies that have discontinuous dependence on the state variable. The application of the...
Persistent link: https://www.econbiz.de/10013220330
As a result of the recent financial crisis and the ensuing economic recession, fiscal deficits have soared in many OECD countries. As a consequence, government debt has been on the rise again after a period of stable or declining government debt. In this paper we analyze debt stabilization in a...
Persistent link: https://www.econbiz.de/10013104019
In this note we reconsider Nash equilibria for the linear quadratic differential game for an infinite planning horizon. We consider an open-loop information structure. In the standard literature this problem is solved under the assumption that every player can stabilize the system on his own. In...
Persistent link: https://www.econbiz.de/10013104566
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