Title of article :
A note on discontinuous value functions and strategies in affine-quadratic differential games
Author/Authors :
Henrik Jensen، نويسنده , , Ben Lockwood، نويسنده ,
Issue Information :
روزنامه با شماره پیاپی سال 1998
Abstract :
We present an affine-quadratic differential policy game where in Markov-perfect Nash equilibrium, the value function and strategies of players are discontinuous in the modelʹs parameters. Sufficient conditions ruling out discontinuities are then presented for a general class of games.
Keywords :
Discontinuous strategies , Markov-perfect equilibrium , Affine-quadratic differential games
Journal title :
Economics Letters
Journal title :
Economics Letters