A lattice-theoretic approach to a class of dynamic games

✍ Scribed by R. Amir

• Publisher: Elsevier Science
• Year: 1989
• Tongue: English
• Weight: 324 KB
• Volume: 17
• Category: Article
• ISSN: 0898-1221
• DOI: 10.1016/0898-1221(89)90100-4

✦ Synopsis

We consider a general class of dynamic games arising in strategic capital accumulation/resource extraction, and show that they have Nash equilibria in pure stationary strategies.

The approach is new and relies on Topkis' results in lattice programming and Tarski's fixed-point theorem.