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• W2109333630 abstract "This paper analyses the time consistency of open-loop equilibria, in the casesof Nash and Stackelberg behaviour. We define a class of games where thestrong time-consistency of the open-loop Nash equilibrium associates withthe time consistency of the open-loop Stackelberg equilibrium. We labelthese games as ‘perfect uncontrollable’. We provide one example based on amodel of oligopolistic competition in advertising efforts. We also present twooligopoly games where one property holds while the other does not, so thateither (i) the open-loop Nash equilibrium is subgame perfect while the stackelbergone is time inconsistent, or (ii) the open-loop Nash and Stackelbergequilibria are only weakly time consistent." @default.
• W2109333630 created "2016-06-24" @default.
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• W2109333630 date "2004-06-04" @default.
• W2109333630 modified "2023-09-27" @default.
• W2109333630 title "Perfect Uncontrollable Differential Games" @default.
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• W2109333630 doi "https://doi.org/10.6092/unibo/amsacta/4783" @default.
• W2109333630 hasPublicationYear "2004" @default.
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