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On the Structure and Regularity of Optimal Solutions in a Differential Game with Regime Switching and Spillovers. / Bondarev, Anton; Gromov, Dmitry .

Dynamic Economic Problems with Regime Switches. ред. / Vladimir Veliov; Josef L. Haunschmied; Raimund M. Kovacevic; Willi Semmler. Springer Nature, 2021. стр. 187-208 (Dynamic Modeling and Econometrics in Economics and Finance; Том 25).

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Harvard

Bondarev, A & Gromov, D 2021, On the Structure and Regularity of Optimal Solutions in a Differential Game with Regime Switching and Spillovers. в V Veliov, JL Haunschmied, RM Kovacevic & W Semmler (ред.), Dynamic Economic Problems with Regime Switches. Dynamic Modeling and Econometrics in Economics and Finance, Том. 25, Springer Nature, стр. 187-208. https://doi.org/10.1007/978-3-030-54576-5_8

APA

Bondarev, A., & Gromov, D. (2021). On the Structure and Regularity of Optimal Solutions in a Differential Game with Regime Switching and Spillovers. в V. Veliov, J. L. Haunschmied, R. M. Kovacevic, & W. Semmler (Ред.), Dynamic Economic Problems with Regime Switches (стр. 187-208). (Dynamic Modeling and Econometrics in Economics and Finance; Том 25). Springer Nature. https://doi.org/10.1007/978-3-030-54576-5_8

Vancouver

Bondarev A, Gromov D. On the Structure and Regularity of Optimal Solutions in a Differential Game with Regime Switching and Spillovers. в Veliov V, Haunschmied JL, Kovacevic RM, Semmler W, Редакторы, Dynamic Economic Problems with Regime Switches. Springer Nature. 2021. стр. 187-208. (Dynamic Modeling and Econometrics in Economics and Finance). https://doi.org/10.1007/978-3-030-54576-5_8

Author

Bondarev, Anton ; Gromov, Dmitry . / On the Structure and Regularity of Optimal Solutions in a Differential Game with Regime Switching and Spillovers. Dynamic Economic Problems with Regime Switches. Редактор / Vladimir Veliov ; Josef L. Haunschmied ; Raimund M. Kovacevic ; Willi Semmler. Springer Nature, 2021. стр. 187-208 (Dynamic Modeling and Econometrics in Economics and Finance).

BibTeX

@inbook{722971bdbdd748fbaa0640c367aa5a91,
title = "On the Structure and Regularity of Optimal Solutions in a Differential Game with Regime Switching and Spillovers",
abstract = "Dynamic games with multiple regimes frequently appear in economic literature. It is well known that, in regime-switching systems, novel effects emerge which do not appear in smooth problems. In this contribution, we explore in detail a differential game with regime switching and spillovers and study the behavior of optimal trajectories both in cooperative and non-cooperative differential game settings. We explicitly derive analytic solutions and point out cases where these solutions cannot be obtained via the application of maximum principle. We demonstrate that our approach that is based on an extension of the classical maximum principle agrees with the intuition given by the hybrid maximum principle while being more convenient for solving problems at hand.",
author = "Anton Bondarev and Dmitry Gromov",
year = "2021",
doi = "10.1007/978-3-030-54576-5_8",
language = "English",
series = "Dynamic Modeling and Econometrics in Economics and Finance",
publisher = "Springer Nature",
pages = "187--208",
editor = "Vladimir Veliov and Haunschmied, {Josef L. } and Kovacevic, {Raimund M.} and Willi Semmler",
booktitle = "Dynamic Economic Problems with Regime Switches",
address = "Germany",

}

RIS

TY - CHAP

T1 - On the Structure and Regularity of Optimal Solutions in a Differential Game with Regime Switching and Spillovers

AU - Bondarev, Anton

AU - Gromov, Dmitry

PY - 2021

Y1 - 2021

N2 - Dynamic games with multiple regimes frequently appear in economic literature. It is well known that, in regime-switching systems, novel effects emerge which do not appear in smooth problems. In this contribution, we explore in detail a differential game with regime switching and spillovers and study the behavior of optimal trajectories both in cooperative and non-cooperative differential game settings. We explicitly derive analytic solutions and point out cases where these solutions cannot be obtained via the application of maximum principle. We demonstrate that our approach that is based on an extension of the classical maximum principle agrees with the intuition given by the hybrid maximum principle while being more convenient for solving problems at hand.

AB - Dynamic games with multiple regimes frequently appear in economic literature. It is well known that, in regime-switching systems, novel effects emerge which do not appear in smooth problems. In this contribution, we explore in detail a differential game with regime switching and spillovers and study the behavior of optimal trajectories both in cooperative and non-cooperative differential game settings. We explicitly derive analytic solutions and point out cases where these solutions cannot be obtained via the application of maximum principle. We demonstrate that our approach that is based on an extension of the classical maximum principle agrees with the intuition given by the hybrid maximum principle while being more convenient for solving problems at hand.

UR - https://link.springer.com/chapter/10.1007/978-3-030-54576-5_8

UR - https://www.mendeley.com/catalogue/d76ebb21-4c6c-3a4f-9c69-8454e6b108ae/

U2 - 10.1007/978-3-030-54576-5_8

DO - 10.1007/978-3-030-54576-5_8

M3 - Chapter

T3 - Dynamic Modeling and Econometrics in Economics and Finance

SP - 187

EP - 208

BT - Dynamic Economic Problems with Regime Switches

A2 - Veliov, Vladimir

A2 - Haunschmied, Josef L.

A2 - Kovacevic, Raimund M.

A2 - Semmler, Willi

PB - Springer Nature

ER -

ID: 71417789