Published in:CentER Discussion Paper Series ; No. 2009-01
Extent:
1 Online-Ressource (16 p)
Language:
English
DOI:
10.2139/ssrn.1323362
Identifier:
Origination:
Footnote:
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments January 5, 2009 erstellt
Description:
In this paper we consider the discounted linear quadratic differential game for descriptor systems that have an index larger than one. We derive both necessary and sufficient conditions for existence of an open-loop Nash (OLN) equilibrium. In a small macro-economic stabilization game we illustrate that the corresponding optimal response is generically cyclic