Characterization of Markovian equilibria
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J.P RincΓ³n-Zapatero
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Article
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2004
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Elsevier Science
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English
β 377 KB
We consider an alternative method to the classical one for the determination of Markov perfect Nash equilibria. The approach shown in the paper is based on the study of a quasi-linear system of partial di erential equations instead of the Hamilton-Jacobi-Bellman system. The simpler structure of the