On Time Consistency in Stackelberg Differential Games

Kazuo Mino

MPRA Paper from University Library of Munich, Germany

Abstract: This paper explores a class of Stackelberg differential games in which the open-loop strategies of the leader satisfies time consistency. We show that in this class of games the open-loop equilibrium coincides with the corresponding feedback equilibrium. The analytical framework used in this paper involves the models examined by the several recent contributions to the time consistency issue as special cases.

Keywords: Stackelberg differential game; open-loop equilibrium; feedback equilibrium; time consistency (search for similar items in EconPapers)
JEL-codes: C60 C73 (search for similar items in EconPapers)
Date: 2001-07
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
https://mpra.ub.uni-muenchen.de/17028/1/MPRA_paper_17028.pdf original version (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:17028

Access Statistics for this paper

More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().