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On the Existence of Credible Incentive Equilibria
Acte de colloque   Open Access

On the Existence of Credible Incentive Equilibria

Alain Jean-Marie et Mabel Tidball
ISDG'04: 11th International Symposium on Dynamic Games and Applications (Tucson, Arizona, United States, 18/12/2004–21/12/2004)
2004

Résumé

This paper provides a set of necessary conditions for the existence of credible incentive equilibria. We study the cases of static games and dynamic games with open-loop strategies. We conclude that credible incentive equilibria with differentiable incentive functions do not exist without strong conditions on the payoff functions of the players. On the other hand, for piecewise-differentiable incentive functions, an inffnity of solutions is usually possible.

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