Abstract

We consider a general class of dynamic games arising in strategic capital accumulation/resource extraction, and show that they have Nash equilibria in pure stationary strategies. The approach is new and relies on Topkis' results in lattice programming and Tarski's fixed-point theorem.

Full Text
Published version (Free)

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call