Arbeitspapier
Degenerate Feedback and Time Consistency in Dynamic Games
This paper analyses the time consistency of open-loop equilibria, in the cases of Nash and Stackelberg behaviour. We define a class of games where the strong time-consistency of the open-loop Nash equilibrium associates with the time consistency of the open-loop Stackelberg equilibrium. We label these games as `perfect uncontrollable' and provide two examples based on (i) a model where firms invest so as to increase consumers' reservation prices, based upon Cellini and Lambertini (CEJOR, 2003); and (ii) a model where firms compete to increase their respective market shares, based upon Leit- mann and Schmitendorf (IEEE Transactions on Automatic Control, 1978).
- Sprache
-
Englisch
- Erschienen in
-
Series: Quaderni - Working Paper DSE ; No. 535
- Klassifikation
-
Wirtschaft
- Thema
-
Zeitkonsistenz
Nash-Gleichgewicht
Dynamisches Spiel
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Cellini, Roberto
Lambertini, Luca
Leitmann, George
- Ereignis
-
Veröffentlichung
- (wer)
-
Alma Mater Studiorum - Università di Bologna, Dipartimento di Scienze Economiche (DSE)
- (wo)
-
Bologna
- (wann)
-
2005
- DOI
-
doi:10.6092/unibo/amsacta/4755
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:45 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Cellini, Roberto
- Lambertini, Luca
- Leitmann, George
- Alma Mater Studiorum - Università di Bologna, Dipartimento di Scienze Economiche (DSE)
Entstanden
- 2005
Ähnliche Objekte (12)
Time Consistency in Games of Timing
On the Feedback Solution of a Differential Oligopoly Game with Hyperbolic Demand and Capacity Accumulation
Regulating the tragedy of commons: Nonlinear feedback solutions of a differential game with a dual interpretation
Weak and Strong Time Consistency in Differential Oligopoly Games with Capital Accumulation
Extended Games Played by Managerial Firms
Is America Unrivaled? A Repeated Game Analysis
Equilibrium Locations in the Unconstrained Hotelling Game
On the Time Consistency of Equilibria in Additively Separable Differential Games
On the Feedback Solutions of Differential Oligopoly Games with Hyperbolic Demand Curve and Capacity Accumulation
The International Coordination of Monetary Policy: A Game-Theoretic Reformulation
On the Dynamic Consistency of Optimal Monetary Policy
On the feedback solution of a differential oligopoly game with capacity adjustment
Time Consistency in Games of Timing
On the Feedback Solution of a Differential Oligopoly Game with Hyperbolic Demand and Capacity Accumulation
Regulating the tragedy of commons: Nonlinear feedback solutions of a differential game with a dual interpretation
Weak and Strong Time Consistency in Differential Oligopoly Games with Capital Accumulation
Extended Games Played by Managerial Firms
Is America Unrivaled? A Repeated Game Analysis
Equilibrium Locations in the Unconstrained Hotelling Game
On the Time Consistency of Equilibria in Additively Separable Differential Games
On the Feedback Solutions of Differential Oligopoly Games with Hyperbolic Demand Curve and Capacity Accumulation
The International Coordination of Monetary Policy: A Game-Theoretic Reformulation
On the Dynamic Consistency of Optimal Monetary Policy
On the feedback solution of a differential oligopoly game with capacity adjustment
Time Consistency in Games of Timing
On the Feedback Solution of a Differential Oligopoly Game with Hyperbolic Demand and Capacity Accumulation
Regulating the tragedy of commons: Nonlinear feedback solutions of a differential game with a dual interpretation
Weak and Strong Time Consistency in Differential Oligopoly Games with Capital Accumulation
Extended Games Played by Managerial Firms
Is America Unrivaled? A Repeated Game Analysis
Equilibrium Locations in the Unconstrained Hotelling Game
On the Time Consistency of Equilibria in Additively Separable Differential Games
On the Feedback Solutions of Differential Oligopoly Games with Hyperbolic Demand Curve and Capacity Accumulation
The International Coordination of Monetary Policy: A Game-Theoretic Reformulation
On the Dynamic Consistency of Optimal Monetary Policy