SUSTAINABILITY OF COOPERATION OVERTIME IN LINEAR-QUADRATIC DIFFERENTIAL GAMES
Guiomar Martin-Herran and
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Steffen Jørgensen: Department of Organization, University of Southern Denmark, Denmark
International Game Theory Review (IGTR), 2005, vol. 07, issue 04, 395-406
This note deals with time-consistency and agreeability, two dynamic individual rationality concepts, in special linear-quadratic differential games. Conditions ensuring their satisfaction are derived and a link between sustainability of cooperation and fair sharing of cooperation surplus is established.
Keywords: Linear-quadratic differential games; cooperation; sustainability; time-consistency; agreeability (search for similar items in EconPapers)
JEL-codes: B4 C0 C6 C7 D5 D7 M2 (search for similar items in EconPapers)
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