Dynamic Potential Games: The Discrete-Time Stochastic Case: The Discrete-Time Stochastic Case

D. González-Sánchez, O. Hernández-Lerma

Research output: Contribution to journalArticlepeer-review

15 Scopus citations

Abstract

This paper concerns a class of nonstationary discrete-time stochastic noncooperative games. Our goals are threefold. First, we give conditions to find Nash equilibria by means of the Euler equation approach. Second, we identify subclasses of dynamic potential games. Finally, within one of this subclasses, we identify a further subclass for which Nash equilibria are also Pareto (or cooperative) solutions.

Original languageAmerican English
Pages (from-to)309-328
Number of pages20
JournalDynamic Games and Applications
Volume4
Issue number3
DOIs
StatePublished - 2014

Keywords

  • Dynamic games
  • Euler equation
  • Nash equilibrium
  • Pareto solution
  • Potential games

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