Comparative Dynamics in Differential Games: A Note on the Differentiability of Solutions

Chen Ling, Shravan Luckraz and Bruno Antonio Pansera
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Chen Ling: Zhejiang University of Finance and Economics
Bruno Antonio Pansera: Economics and Human Sciences & Decisions_Lab, University Mediterranea of Reggio Calabria

Journal of Optimization Theory and Applications, 2023, vol. 196, issue 3, No 12, 1093-1105

Abstract: Abstract We revisit the assumption of differentiability of solutions with respect to exogenous variables in the differential games literature (e.g., Ling and Caputo (J Optim Theory Appl 149:151–174, 2011). We show that differentiability can be replaced with a weaker condition that preserves the sign of any comparative dynamics. Although we only consider the Markovian Nash Equilibria in this paper, our result also applies to other concepts of equilibria such as the Stackelberg equilibria.

Keywords: Differential games; Local comparative dynamics; Differentiability of solutions (search for similar items in EconPapers)
Date: 2023
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DOI: 10.1007/s10957-023-02160-0

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