Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/159470
Authors: 
Bacchiega, Emanuele
Lambertini, Luca
Palestini, Arsen
Year of Publication: 
2008
Series/Report no.: 
Quaderni - Working Paper DSE 629
Abstract: 
The relationship amongst state-redundancy and time consistency of differential games is investigated. A class of state-redundant games is detected, where the state dynamics and the payoff functions of all players are additively separable w.r.t. control variables. We prove that, in this class of games, open-loop Nash and degenerate feedback Stackelberg equilibria coincide, both being subgame perfect. This allows us to bypass the issue of the time inconsistency that typically affects the open-loop Stackelberg solution.
Persistent Identifier of the first edition: 
Creative Commons License: 
https://creativecommons.org/licenses/by-nc/3.0/
Document Type: 
Working Paper

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