Dragone, Davide Lambertini, Luca Leitmann, George Palestini, Arsen
Year of Publication:
Quaderni - Working Paper DSE No. 644
Alma Mater Studiorum - Università di Bologna, Dipartimento di Scienze Economiche (DSE), Bologna
We introduce the concept of Hamiltonian potential function for noncooperative open-loop differential games with n players, n controls and n states, and characterise a sufficient condition for its existence. We also identify a class of games admitting a Hamiltonian potential and provide appropriate examples pertaining to advertising, industrial organization and macroeconomic policy.