Population Growth and Nash Equilibria Under Viability Constraints in the Commons

Population Growth and Nash Equilibria Under Viability Constraints in the Commons Population growth modifies the optimal equilibrium between a stationary population and its resource, producing instead a line of equilibria, characterized by fluctuating population size, resource quantity, harvest per head, and birth rates. The Pontryagin procedure allows the analytical expression of the Nash equilibria for two populations sharing a common resource and capable of growth. An alternative procedure, which avoids solving differential equations and inherently includes state constraints, involves building the capture-viability kernel of an auxiliary system. For two populations, all Nash equilibria under state constraints are obtained as the intersection of the boundaries of two capture-viability kernels. The two methods, Pontryagin and viability, yield concordant results. Viability is more flexible and avoids solving differential equations for each initial condition. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of Optimization Theory and Applications Springer Journals

Population Growth and Nash Equilibria Under Viability Constraints in the Commons

Loading next page...
 
/lp/springer_journal/population-growth-and-nash-equilibria-under-viability-constraints-in-rcfes6fLWh
Publisher
Springer US
Copyright
Copyright © 2017 by Springer Science+Business Media, LLC
Subject
Mathematics; Calculus of Variations and Optimal Control; Optimization; Optimization; Theory of Computation; Applications of Mathematics; Engineering, general; Operations Research/Decision Theory
ISSN
0022-3239
eISSN
1573-2878
D.O.I.
10.1007/s10957-017-1135-y
Publisher site
See Article on Publisher Site

Abstract

Population growth modifies the optimal equilibrium between a stationary population and its resource, producing instead a line of equilibria, characterized by fluctuating population size, resource quantity, harvest per head, and birth rates. The Pontryagin procedure allows the analytical expression of the Nash equilibria for two populations sharing a common resource and capable of growth. An alternative procedure, which avoids solving differential equations and inherently includes state constraints, involves building the capture-viability kernel of an auxiliary system. For two populations, all Nash equilibria under state constraints are obtained as the intersection of the boundaries of two capture-viability kernels. The two methods, Pontryagin and viability, yield concordant results. Viability is more flexible and avoids solving differential equations for each initial condition.

Journal

Journal of Optimization Theory and ApplicationsSpringer Journals

Published: Jul 11, 2017

References

You’re reading a free preview. Subscribe to read the entire article.


DeepDyve is your
personal research library

It’s your single place to instantly
discover and read the research
that matters to you.

Enjoy affordable access to
over 18 million articles from more than
15,000 peer-reviewed journals.

All for just $49/month

Explore the DeepDyve Library

Search

Query the DeepDyve database, plus search all of PubMed and Google Scholar seamlessly

Organize

Save any article or search result from DeepDyve, PubMed, and Google Scholar... all in one place.

Access

Get unlimited, online access to over 18 million full-text articles from more than 15,000 scientific journals.

Your journals are on DeepDyve

Read from thousands of the leading scholarly journals from SpringerNature, Elsevier, Wiley-Blackwell, Oxford University Press and more.

All the latest content is available, no embargo periods.

See the journals in your area

DeepDyve

Freelancer

DeepDyve

Pro

Price

FREE

$49/month
$360/year

Save searches from
Google Scholar,
PubMed

Create lists to
organize your research

Export lists, citations

Read DeepDyve articles

Abstract access only

Unlimited access to over
18 million full-text articles

Print

20 pages / month

PDF Discount

20% off