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• W2053243941 startingPage "61" @default.
• W2053243941 abstract "This paper analyzes a noncooperative and symmetric dynamic game where players have free access to a productive asset whose evolution is a diffusion process with Brownian uncertainty. A Euler–Lagrange equation is found and used to provide necessary and sufficient conditions for the existence and uniqueness of a smooth Markov Perfect Nash Equilibrium. The Euler–Lagrange equation also provides a stochastic Keynes–Ramsey rule, which has the form of a forward–backward stochastic differential equation. It is used to study the properties of the equilibrium and to make some comparative statics exercises." @default.
• W2053243941 created "2016-06-24" @default.
• W2053243941 creator A5021852497 @default.
• W2053243941 creator A5072887318 @default.
• W2053243941 date "2015-04-07" @default.
• W2053243941 modified "2023-10-16" @default.
• W2053243941 title "Euler–Lagrange equations of stochastic differential games: application to a game of a productive asset" @default.
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• W2053243941 doi "https://doi.org/10.1007/s00199-015-0873-z" @default.
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