Efficient Markov perfect Nash equilibria:: theory and application to dynamic fishery games

被引：19

作者：

Martín-Herrán, G ^{[1
]}

Rincón-Zapatero, JP ^{[1
]}

机构：

[1] Univ Valladolid, Fac Ciencias Econ, Dept Econ Aplicada, E-47011 Valladolid, Spain

来源：

JOURNAL OF ECONOMIC DYNAMICS & CONTROL | 2005年 / 29卷 / 06期

关键词：

differential games; Markov perfect nash equilibria; Pareto optimum; quasilinear partial differential equations; fishery management;

D O I：

10.1016/j.jedc.2004.08.004

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

In this paper, we present a method for the characterization of Markov perfect Nash equilibria being Pareto efficient in non-linear differential games. For that purpose, we use a new method for computing Nash equilibria with Markov strategies by means of a system of quasilinear partial differential equations. We apply the necessary and sufficient conditions derived to characterize efficient Markov perfect Nash equilibria to dynamic fishery games. (c) 2004 Elsevier B.V. All rights reserved.

引用

页码：1073 / 1096

页数：24

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