Age-structured linear-state differential games
Luca Grosset and
Bruno Viscolani
European Journal of Operational Research, 2016, vol. 254, issue 1, 269-278
Abstract:
In this paper we search for conditions on age-structured differential games to make their analysis more tractable. We focus on a class of age-structured differential games which show the features of ordinary linear-state differential games, and we prove that their open-loop Nash equilibria are sub-game perfect. By means of a simple age-structured advertising problem, we provide an application of the theoretical results presented in the paper, and we show how to determine an open-loop Nash equilibrium.
Keywords: Age-structured models; Differential games; Advertising (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (3)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ejores:v:254:y:2016:i:1:p:269-278
DOI: 10.1016/j.ejor.2016.03.025
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