Dynamic Potential Games: The Discrete-Time Stochastic Case

David González-Sánchez and Onésimo Hernández-Lerma ()

Dynamic Games and Applications, 2014, vol. 4, issue 3, 309-328

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. Copyright Springer Science+Business Media New York 2014

Keywords: Dynamic games; Euler equation; Potential games; Nash equilibrium; Pareto solution; 39A50; 49N45; 91A10; 91A15; 91A25; 91A50 (search for similar items in EconPapers)
Date: 2014
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DOI: 10.1007/s13235-014-0105-3

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