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Moving Horizon Control in Dynamic Games

Author

Listed:
  • van den Broek, W.A.

    (Tilburg University, Center For Economic Research)

Abstract

We consider a continuous time system influenced by different agents who adopt moving horizon control. The well known Nash equilibrium concept is used to define two solution concepts fitting in the moving horizon structure. One of them is analyzed in more detail in the class of linear quadratic games. The (dis)advantages of moving horizon control are illustrated by means of a government debt stabilization model.

Suggested Citation

  • van den Broek, W.A., 1999. "Moving Horizon Control in Dynamic Games," Discussion Paper 1999-07, Tilburg University, Center for Economic Research.
  • Handle: RePEc:tiu:tiucen:493397ad-8362-4236-975a-5221c439219a
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    File URL: https://pure.uvt.nl/ws/portalfiles/portal/531043/7.pdf
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    References listed on IDEAS

    as
    1. Engwerda, Jacob C., 1998. "On the open-loop Nash equilibrium in LQ-games," Journal of Economic Dynamics and Control, Elsevier, vol. 22(5), pages 729-762, May.
    2. Bas Aarle & Lans Bovenberg & Matthias Raith, 1995. "Monetary and fiscal policy interaction and government debt stabilization," Journal of Economics, Springer, vol. 62(2), pages 111-140, June.
    3. Tabellini, Guido, 1986. "Money, debt and deficits in a dynamic game," Journal of Economic Dynamics and Control, Elsevier, vol. 10(4), pages 427-442, December.
    4. Feenstra, T.L., 1998. "Environmental policy instruments and international rivalry : A dynamic analysis," Other publications TiSEM 8d87c905-8af6-45a9-8305-5, Tilburg University, School of Economics and Management.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    Moving horizon control; (LQ) differential games;

    JEL classification:

    • C60 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - General
    • C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
    • C73 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Stochastic and Dynamic Games; Evolutionary Games
    • E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General

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