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Sustainability Of Cooperation Overtime In Linear-Quadratic Differential Games

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Author Info

  • STEFFEN JØRGENSEN

    (Department of Organization, University of Southern Denmark, Denmark)

  • GUIOMAR MARTÍN-HERRÁN

    (Departamento de Economía Aplicada (Matemáticas), Universidad de Valladolid, Spain)

  • GEORGES ZACCOUR

    ()
    (GERAD & Marketing Department, HEC Montréal, Canada)

Abstract

This note deals with time-consistency and agreeability, two dynamic individual rationality concepts, in special linear-quadratic differential games. Conditions ensuring their satisfaction are derived and a link between sustainability of cooperation and fair sharing of cooperation surplus is established.

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Bibliographic Info

Article provided by World Scientific Publishing Co. Pte. Ltd. in its journal International Game Theory Review.

Volume (Year): 07 (2005)
Issue (Month): 04 ()
Pages: 395-406

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Handle: RePEc:wsi:igtrxx:v:07:y:2005:i:04:p:395-406

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Related research

Keywords: Linear-quadratic differential games; cooperation; sustainability; time-consistency; agreeability;

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Cited by:
  1. Smala Fanokoa, Pascaux & Telahigue, Issam & Zaccour, Georges, 2011. "Buying cooperation in an asymmetric environmental differential game," Journal of Economic Dynamics and Control, Elsevier, vol. 35(6), pages 935-946, June.
  2. Emilio Calvo & Santiago J. Rubio, 2012. "Dynamic Models of International Environmental Agreements: A Differential Game Approach," Discussion Papers in Economic Behaviour 0112, University of Valencia, ERI-CES.
  3. Steffen Jørgensen & Georges Zaccour, 2007. "Developments in differential game theory and numerical methods: economic and management applications," Computational Management Science, Springer, vol. 4(2), pages 159-181, April.
  4. Benchekroun, H. & Ray Chaudhuri, A., 2008. "Collusion Inducing Taxation of a Polluting Oligopoly," Discussion Paper 2008-80, Tilburg University, Center for Economic Research.
  5. Wang, Yiming, 2013. "A time-consistent model for cooperation in international pollution control," Economic Modelling, Elsevier, vol. 33(C), pages 500-506.

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