Infinite-horizon stochastic differential games with branching payoffs. (Q5956439)
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scientific article; zbMATH DE number 1709220
| Language | Label | Description | Also known as |
|---|---|---|---|
| English | Infinite-horizon stochastic differential games with branching payoffs. |
scientific article; zbMATH DE number 1709220 |
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Infinite-horizon stochastic differential games with branching payoffs. (English)
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2001
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The authors consider infinite horizon stochastic differential games with autonomous structure and steady branching payoffs. A theorem on the characterization of a Nash equilibrium solution for this kind of games is provided. An application in renewable resource extraction is presented to illustrate the solution mechanism.
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stochastic differential games
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Nash equilibrium
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resource extraction
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