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Explore a dynamic games webinar that delves into differential games of public investment with discontinuous Markovian strategy spaces. Learn how best response correspondence behaves in these games, with a focus on their existence and unique mapping properties. Discover a groundbreaking approach that resolves a persistent open problem in differential game theory, enabling analysis of more complex game types and Markov-perfect equilibria. Examine a practical application through a case study on non-cooperative climate change mitigation, revealing multiple symmetric Markov-perfect Nash equilibria and demonstrating significant potential welfare improvements beyond traditional equilibrium solutions. Master a comprehensive 'cookbook' method for constructing best responses in these games, applicable across various scenarios without requiring specific functional forms.
