Dynamic bargaining with action-dependent valuations
Article Abstract:
The development of a dynamic bargaining model is discussed in which the agents' actions affect the conditions under which future negotiations take place. With the help of a comparison between the predictions from the dynamic game and those from a similar static model, it is shown that the equilibrium price path of the dynamic game is more flexible than that of the static game.
Publication Name: Journal of Economic Dynamics & Control
Subject: Economics
ISSN: 0165-1889
Year: 2004
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Characterization of Markovian equilibria in a class of differential games
Article Abstract:
The alternative method for the study of a class of differential games is based on a quasi-linear system of partial differential equations. Under some assumptions, it allows to determine existence and uniqueness of Nash equilibria in non-renewable resource games.
Publication Name: Journal of Economic Dynamics & Control
Subject: Economics
ISSN: 0165-1889
Year: 2004
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Efficient Markov perfect Nash equilibria: theory and application to dynamic fishery games
Article Abstract:
The method for characterization of Markov perfect Nash equilibria in non-linear differential games is discussed.
Publication Name: Journal of Economic Dynamics & Control
Subject: Economics
ISSN: 0165-1889
Year: 2005
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