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• W2062914483 abstract "This paper considers a class of infinite-horizon dynamic games that has immediate application to problems stemming from the oligopolistic exploitation of (renewable or non-renewable) common property resources. Under a symmetry assumption on the payoff structure, it is shown that the game admits a subgameperfect equilibrium in non-randomized Markovian strategies. These equilibrium strategies possess certain strong regularity properties which facilitate characterization of equilibrium play. Stationary equilibria are not Pareto-optimal in a convex environment. Additionally, such equilibria necessarily result in monotonic trajectories." @default.
• W2062914483 created "2016-06-24" @default.
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• W2062914483 date "1989-02-01" @default.
• W2062914483 modified "2023-09-30" @default.
• W2062914483 title "Perfect equilibrium in non-randomized strategies in a class of symmetric dynamic games" @default.
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• W2062914483 doi "https://doi.org/10.1016/0022-0531(89)90107-5" @default.
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