Approximate Solutions for Nash Differential Games
A. A. Megahed,
A. A. Hemeda,
H. F. A. Madkour and
Efthymios G. Tsionas
Journal of Mathematics, 2023, vol. 2023, 1-10
Abstract:
In this paper, we are concerned with an open-loop Nash differential game. The necessary conditions for an open-loop Nash equilibrium solution are obtained, also the existence for the solution of the dynamical system of the differential game is studied. Picard method is used to find an approximate solution, and the uniform convergence is proved. Finally, we constructed figures for the analysis of the differential game. These results can be applied between economic and financial firms as well as industrial firms.
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:hin:jjmath:7374882
DOI: 10.1155/2023/7374882
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