Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/121282
Authors: 
Blueschke, Dmitri
Blueschke-Nikolaeva, Victoria
Savin, Ivan
Year of Publication: 
2015
Series/Report no.: 
Jena Economic Research Papers 2015-011
Abstract: 
We propose a meta-heuristic approach for solving nonlinear dynamic tracking games. In contrast to more "traditional" methods based on linear-quadratic (LQ) techniques, this derivative-free method is very flexible (e.g. to introduce inequality constraints). The meta-heuristic is applied to a three-player dynamic game and tested versus derivative-dependent method in approximating Nash solution in different game specifications. We demonstrate the superiority of the proposed approach in identifying Nash equilibria, where LQ methods are not applicable.
Subjects: 
differential evolution
dynamic games
nash equilibrium
JEL: 
C61
C63
C72
C73
E61
Document Type: 
Working Paper

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