Differential Games in Economics and Management Science

This book offers an in-depth look at differential games, providing both theoretical insights and practical applications in economics and management.

The book Differential Games in Economics and Management Science provides a thorough exploration of the theory and applications of differential games. It is designed for readers who may not have prior knowledge of game theory, making it an accessible resource for scholars and students alike. However, a foundational understanding of linear algebra, differential equations, and mathematical programming is recommended to fully grasp the concepts presented.

In the first part, the book delves into the theoretical underpinnings of differential games, starting from the basic principles of game theory. It progresses to more complex topics such as control theoretic models and Markovian equilibria, as well as various types of play, including hierarchical and trigger strategy equilibria. This comprehensive approach ensures that readers develop a solid understanding of the fundamental concepts before moving on to practical applications.

The second part of Differential Games in Economics and Management Science focuses on real-world applications, illustrating how differential games can be utilized in areas such as capital accumulation, industrial organization, and environmental economics. By bridging theory and practice, this book serves as a valuable resource for those interested in applying these concepts to strategic decision-making in economics and management.