The paper considers linear-quadratic discrete-time dynamic games with nontransferable payoffs. Pareto-optimal solutionis studied as optimality principle. The time consistency and irrational behavior proof condition of this solution are investigated. As an example, the government debt stabilization game is considered.
Original languageEnglish
Pages (from-to)384-392
JournalContributions to Game Theory and Management
Volume7
StatePublished - 2014

    Research areas

  • LINEAR-QUADRATIC GAMES, DISCRETE-TIME GAMES, GAMES WITH NONTRANSFERABLE PAYOffS, PARETO-OPTIMAL SOLUTION, TIME CONSISTENCY, PDP, IRRATIONAL BEHAVIOR PROOF CONDITION

ID: 5730412