a survey of dynamic games in economics

a survey of dynamic games in economics

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1、ASurveyofDynamicGamesinEconomicsThispageintentionallyleftblankSurveysonTheoriesinEconomicsandBusinessAdministration1Vol.ASurveyofDynamicGamesinEconomicsNgoVanLongMcGillUniversity,CanadaWorldScientificNEWJERSEY?LONDON?SINGAPORE?BEIJING?SHANGHAI?HONGKONG?TAIPEI?CH

2、ENNAIPublishedbyWorldScientificPublishingCo.Pte.Ltd.5TohTuckLink,Singapore596224USAoffice27WarrenStreet,Suite401-402,Hackensack,NJ07601UKoffice57SheltonStreet,CoventGarden,LondonWC2H9HEBritishLibraryCataloguing-in-PublicationDataAcataloguerecordforthisbookisavai

3、lablefromtheBritishLibrary.ASURVEYOFDYNAMICGAMESINECONOMICSSurveysonTheoriesinEconomicsandBusinessAdministration—Vol.1Copyright?2010byWorldScientificPublishingCo.Pte.Ltd.Allrightsreserved.Thisbook,orpartsthereof,maynotbereproducedinanyformorbyanymeans,electronic

4、ormechanical,includingphotocopying,recordingoranyinformationstorageandretrievalsystemnowknownortobeinvented,withoutwrittenpermissionfromthePublisher.Forphotocopyingofmaterialinthisvolume,pleasepayacopyingfeethroughtheCopyrightClearanceCenter,Inc.,222RosewoodDriv

5、e,Danvers,MA01923,USA.Inthiscasepermissiontophotocopyisnotrequiredfromthepublisher.ISBN-13978-981-4293-03-7ISBN-10981-4293-03-2TypesetbyStallionPressEmail:enquiries@stallionpress.comPrintedinSingapore.ThisbookisdedicatedtoKim-Chau,Bach,Chi,Eric,andBambou.Thispag

6、eintentionallyleftblankCONTENTSPrefacexiIntroductionxiii1.BasicConcepts11.1WhatAreDynamicGames?.................11.2Open-loopNashEquilibirumandMarkov-perfectNashEquilibrium..........................21.2.1Asimpletransboundarypollutiongameindiscretetime...........

7、................41.2.2Choiceamongequilibriumconcepts.........111.2.3Anothersimpledynamicgame:non-cooperativecakeeating.......................121.2.4Anin?nitehorizongameoftransboundarypollutionincontinuoustime.............141.3StackelbergEquilibrium..............

8、.....261.3.1Open-loopStackelbergEquilibrium.........271.3.2FeedbackStackelbergEquilibrium..........312.DynamicGamesinEnvironmentalEconomics352.1ModelsofTransboundaryP

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