Advances in Computational Economics
DOI: 10.1007/978-3-540-74684-3_4
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Time Consistency, Subgame Perfectness, Solution Concepts and Information Patterns in Dynamic Models of Stabilization Policies

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Cited by 8 publications
(7 citation statements)
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“…Here, a 'strategy' of a player is a law that tells him/her which action to take at each instant during the game [15]. In other words, it is a mapping from system states or outputs to a player's control action [16]. An equilibrium denotes a strategy profile consisting of the strategies of all the game players in which no one is willing to change his/her strategy unilaterally [17].…”
Section: Introductionmentioning
confidence: 99%
“…Here, a 'strategy' of a player is a law that tells him/her which action to take at each instant during the game [15]. In other words, it is a mapping from system states or outputs to a player's control action [16]. An equilibrium denotes a strategy profile consisting of the strategies of all the game players in which no one is willing to change his/her strategy unilaterally [17].…”
Section: Introductionmentioning
confidence: 99%
“…p 2 N can be different from the driver's preview horizon p 1 N in theory. Consequently, the environment system equation can be built up by merging target path updating equations (8) and (9) into vehicle dynamics equation (7), which gives:…”
Section: ) Environment Equationmentioning
confidence: 99%
“…A strategy of a game player represents a mapping of the game's states to the player's action [7]. An equilibrium is a strategy set composed of each player's optimal strategy, i.e., the strategy maximizing the player's welfare [8].…”
Section: Introductionmentioning
confidence: 99%
“…This class of differential games is the work-horse of the field and has been widely applied in economics. For example, Miller and Salmon [15], Cohen and Michel [7], and Dockner and Neck [8] employ a linear-quadratic differential game to study various macroeconomic issues, Dockner and Long [9] and List and Mason [13] employ the structure to examine various matters in international pollution control, while Groot et al [12] use it to study natural resource extracting firms.…”
Section: A Linear-quadratic Differential Game and Its Olnementioning
confidence: 99%