A Survey of Dynamic Games in Economics

Abstract

Key Concepts in Dynamic Games Open-Loop Nash Equilibrium and Feedback Nash Equilibrium Dynamic Open-Loop and Feedback Stackelberg Equilibrium Applications in Industrial Organization: Capital Accumulation Games, R&D Races, Pre-Empting, Price and Quantity Competition with Adjustment Costs, Games Among Internet Services Providers Applications in Public Economics: Dynamic Contribution to a Public Good, Discrete Public Goods Games, Reputation Building in a Federal System, Dynamic Redistributive Taxation, Building-Up of Trust Among Selfish Agents Applications to Environmental Economics: Trans-Boundary Pollution Games, Global Warming Games Applications to Resource Economics: Fishery Games, Natural Resource Oligopoly, Tariffs on Exhaustible Resources Applications to International Economics: Dynamic Games of Foreign Aids, Dynamic Optimal Tariff and Retaliation Applications to Development Economics: Capital Flights, Dynamic Grabbing, Corruption Games Among Status-Conscious Agents.

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