A differential game between government and the firms : comments

C.A.A.M. Withagen

Research output: Contribution to journalArticleAcademicpeer-review

624 Citations (Scopus)

Abstract

It is argued here that the Nash equilibrium calculated by Gradus (1989) is not the Nash equilibrium found when applying the definition generally employed in differential game theory. The model presented by Gradus would call for a modified Nash equilibrium concept as outlined in this note.
Original languageEnglish
Pages (from-to)285-290
Number of pages6
JournalJournal of Economics
Volume52
Issue number3
DOIs
Publication statusPublished - 1990

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