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A Survey of Dynamic Games in Economics (Surveys on Theories in Economics and Business Administration).pdf

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A Survey of Dynamic Games in Economics (Surveys on Theories in Economics and Business Administration).pdf

文档介绍

文档介绍:A Survey of
Dynamic Games
in Economics
This page intentionally left blank
Surveys on
Theories in
Economics and
Business Administration
Vol.
1
A Survey of
Dynamic Games
in Economics
Ngo Van Long
McGill University, Canada
World Scientific
NEW JERSEY • LONDON • SINGAPORE • BEIJING • SHANGHAI • HONG KONG • TAIPEI • CHENNAI
Published by
World Scientific Publishing Co. Pte. Ltd.
5 Toh Tuck Link, Singapore 596224
USA office 27 Warren Street, Suite 401-402, Hackensack, NJ 07601
UK office 57 Shelton Street, Covent Garden, London WC2H 9HE
British Library Cataloguing-in-Publication Data
A catalogue record for this book is available from the British Library.
A SURVEY OF DYNAMIC GAMES IN ECONOMICS
Surveys on Theories in Economics and Business Administration — Vol. 1
Copyright © 2010 by World Scientific Publishing Co. Pte. Ltd.
All rights reserved. This book, or parts thereof, may not be reproduced in any form or by any means,
electronic or mechanical, including photocopying, recording or any information storage and retrieval
system now known or to be invented, without written permission from the Publisher.
For photocopying of material in this volume, please pay a copying fee through the Copyright
Clearance Center, Inc., 222 Rosewood Drive, Danvers, MA 01923, USA. In this case permission to
photocopy is not required from the publisher.
ISBN-13 978-981-4293-03-7
ISBN-10 981-4293-03-2
Typeset by Stallion Press
Email: enquiries@
Printed in Singapore.
This book is dedicated to Kim-Chau, Bach, Chi, Eric, and Bambou.
CONTENTS
Preface xi
Introduction xiii
1. Basic Concepts 1
WhatAreDynamicGames?................. 1
Open-loop Nash Equilibirum and Markov-perfect Nash
Equilibrium . . . . . . . . . . . . . . . . . . . . . . . . . . 2
A simple transboundary pollution game in discrete
time........................... 4
Choice among equilibrium concepts . . . . . . . . . 11
Another simple dynamic game: