A note on discontinuous value functions and strategies in affine-quadraticdifferential games

Authors
Jensen, H Lockwood, B
Citation
H. Jensen et B. Lockwood, A note on discontinuous value functions and strategies in affine-quadraticdifferential games, ECON LETT, 61(3), 1998, pp. 301-306
Citations number
3
Categorie Soggetti
Economics
Journal title
ECONOMICS LETTERS
ISSN journal
01651765 → ACNP
Volume
61
Issue
3
Year of publication
1998
Pages
301 - 306
Database
ISI
SICI code
0165-1765(199812)61:3<301:ANODVF>2.0.ZU;2-T
Abstract
We present an affine-quadratic differential policy game where in Markov-per fect Nash equilibrium, the value function and strategies of players are dis continuous in the model's parameters. Sufficient conditions ruling out disc ontinuities are then presented for a general class of games. (C) 1998 Elsev ier Science S.A. All rights reserved.