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Game Theory pp 129-132 | Cite as

Differential Games

  • Simone Clemhout
  • Henry Y. WanJr.
Part of the The New Palgrave book series

Abstract

A differential game studies system dynamics determined by the interactions of agents with divergent purposes. As a limit form of multi-stage games, its noncooperative solution is subgame perfect; thus it may facilitate the study of credible threats and repeated play. Reducing each stage to a single point in continuous time, differential game applies control theoretic tools (including phase diagrams) to yield results more general and more detailed than other methods. Its applications range from common-property resource utilization to macroeconomic stabilization.

Keywords

Game Theory Differential Game Noncooperative Game Credible Threat Petroleum Reserve 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Palgrave Macmillan, a division of Macmillan Publishers Limited 1989

Authors and Affiliations

  • Simone Clemhout
  • Henry Y. WanJr.

There are no affiliations available

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