{"title":"有或没有废值的有限视界动态游戏","authors":"R. Neck, D. Blueschke, V. Blueschke-Nikolaeva","doi":"10.20472/iac.2019.051.030","DOIUrl":null,"url":null,"abstract":"In this paper, we examine the effects of scrap values on the solutions of dynamic game Problems with a finite time horizon. We show how to include a scrap value in the OPTGAME3 algorithm for the numerical calculation of solutions for dynamic games. We consider two alternative ways of including a scrap value, either only for the state variables or for both the state and control variables. Using a numerical macroeconomic model of a monetary union, we show that the introduction of a scrap value is not appropriate as a substitute for an infinite horizon in dynamic economic policy game problems.","PeriodicalId":419018,"journal":{"name":"Proceedings of the 51st International Academic Conference, Vienna","volume":"63 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":"{\"title\":\"FINITE HORIZON DYNAMIC GAMES WITH AND WITHOUT A SCRAP VALUE\",\"authors\":\"R. Neck, D. Blueschke, V. Blueschke-Nikolaeva\",\"doi\":\"10.20472/iac.2019.051.030\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"In this paper, we examine the effects of scrap values on the solutions of dynamic game Problems with a finite time horizon. We show how to include a scrap value in the OPTGAME3 algorithm for the numerical calculation of solutions for dynamic games. We consider two alternative ways of including a scrap value, either only for the state variables or for both the state and control variables. Using a numerical macroeconomic model of a monetary union, we show that the introduction of a scrap value is not appropriate as a substitute for an infinite horizon in dynamic economic policy game problems.\",\"PeriodicalId\":419018,\"journal\":{\"name\":\"Proceedings of the 51st International Academic Conference, Vienna\",\"volume\":\"63 1\",\"pages\":\"0\"},\"PeriodicalIF\":0.0000,\"publicationDate\":\"1900-01-01\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Proceedings of the 51st International Academic Conference, Vienna\",\"FirstCategoryId\":\"1085\",\"ListUrlMain\":\"https://doi.org/10.20472/iac.2019.051.030\",\"RegionNum\":0,\"RegionCategory\":null,\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"\",\"JCRName\":\"\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Proceedings of the 51st International Academic Conference, Vienna","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.20472/iac.2019.051.030","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
FINITE HORIZON DYNAMIC GAMES WITH AND WITHOUT A SCRAP VALUE
In this paper, we examine the effects of scrap values on the solutions of dynamic game Problems with a finite time horizon. We show how to include a scrap value in the OPTGAME3 algorithm for the numerical calculation of solutions for dynamic games. We consider two alternative ways of including a scrap value, either only for the state variables or for both the state and control variables. Using a numerical macroeconomic model of a monetary union, we show that the introduction of a scrap value is not appropriate as a substitute for an infinite horizon in dynamic economic policy game problems.
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