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- W1978649216 abstract "Dynamic problems of pollution and resource management with stock externalities often require a differential games framework of analysis. In addition they are represented realistically by non-linear transition equations. However, feedback Nash equilibrium (FBNE) solutions, which are the desired ones in this case, are difficult to obtain in problems with non-linear-quadratic structure. We develop a method to obtain numerically non-linear FBNE for a class of such problems, with a specific example for shallow lake pollution control. We compare FBNE solutions, by considering the entire equilibrium trajectories, with optimal management and open-loop solutions, and we show that the value of the best FBNE is in general worse than the open-loop and optimal management solutions." @default.
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- W1978649216 date "2008-04-01" @default.
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- W1978649216 title "Feedback Nash equilibria for non-linear differential games in pollution control" @default.
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- W1978649216 doi "https://doi.org/10.1016/j.jedc.2007.05.008" @default.
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