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Nash vs Stackelberg strategies in a capital accumulation game. (English) Zbl 0708.90102

Analysis and optimization of systems, Proc. 9th Int. Conf., Antibes/Fr. 1990, Lect. Notes Control Inf. Sci. 144, 735-744 (1990).
[For the entire collection see Zbl 0699.00041.]
The paper studies the so-called strategic capital accumulation game [see, e.g., D. Fudenberg and J. Tirole, J. Econ. Theory 31, 227-250 (1983; Zbl 0521.90025)]. Under the assumptions of Fudenberg and Tirole the feedback Nash equilibrium and the open-loop Stackelberg equilibrium, respectively, are qualitatively characterized.
Reviewer: S.Jørgensen

MSC:

91A23 Differential games (aspects of game theory)
91B62 Economic growth models