Scandinavian Working Papers in Economics

Memorandum,
Oslo University, Department of Economics

No 19/2011: Pareto improvements of Nash equilibria in differential games

Atle Seierstad ()
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Atle Seierstad: Dept. of Economics, University of Oslo, Postal: Department of Economics, University of Oslo, P.O Box 1095 Blindern, N-0317 Oslo, Norway

Abstract: This paper yields sufficient conditions for Pareto inoptimality of controls forming Nash equilibria in differential games. In Appendix a result on existence of open loop Nash equilibria is added.

Keywords: Differential games; Nash equilibria; Pareto improvements

JEL-codes: C73

19 pages, September 14, 2011

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