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- W265643707 abstract "In this paper we discuss techniques for rapidly computing the equilibria of a class of dynamic linear-quadratic games involving the extraction of a common property resource. Though this class of games has been much studied, the search for equilibria of these games has only been attempted in special cases, and analysis of the game has tended to focus on its steady-state properties. We construct a pseudo-planning problem, the optimal of which correspond to the Markov perfect equilibria of the class of games we explore. We show how the optima (equilibria) of this pseudo-planning problem (game) can be rapidly computed via a Riccati-like equation. Finally, we illustrate the use of these techniques with several examples involving the extraction of a common property resource." @default.
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- W265643707 date "1997-09-01" @default.
- W265643707 modified "2023-09-25" @default.
- W265643707 title "COMPUTING THE EQUILIBRIA OF DYNAMIC COMMON PROPERTY GAMES" @default.
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- W265643707 doi "https://doi.org/10.1111/j.1939-7445.1997.tb00112.x" @default.
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