312005 Differential Games in Economics and Management Science (V) (WiSe 2013/2014)

Content:

Many interesting and relevant problems in Economics and Management Science are characterized by the interplay of strategic interaction and intertemporal effects of decisions taken by the involved parties. Differential Games are a useful tool to rigorously model such problems and to analyse (different types of) equilibrium behaviour and the economic dynamics that emerges in equilibrium. This course provides an introduction to the main solution concepts for differential games as well as the methods typically employed to characterize the equilibria of such games. Furthermore, we discuss insights that can be obtained in the area of (dynamic) industrial organization with the help of differential game models. The course is aimed at advanced Master and Doctoral students.

Literaturangaben

Dockner, E., Jorgensen, S., van Long, N. and G. Sorger: Differential Games in Economics and Management Science, Cambridge University Press, Cambridge, 2000

Grass, D., Caulkins, J.P., Feichtinger, G., Tragler, G. and Behrens, D. (2008): Optimal Control of Nonlinear Processes, Springer, Berlin.

van Long, N. (2010): A Survey of Dynamic Games in Economics, World Scientific, Singapore.