Markov Perfect Nash Equilibrium in Stochastic Differetial Games as Solution of a Generalized Euler Equations System
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Autores: Ricardo Josa Fombellida
, Juan Pablo Rincón Zapatero
- Localización: Documentos de trabajo. Economic series ( Universidad Carlos III. Departamento de Economía ), Nº. 67, 2008
- Idioma: inglés
- Enlaces
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Resumen
This paper gives a new method to characterize Markov Perfect Nash Equilibrium in stochastic differential games by means of a set of Generalized Euler Equations. Necessary and sufficient conditions are given.
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