Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › Research › peer-review
We derive a non-cooperative and cooperative strategies and state trajectories for a finite-horizon multistage game of renewable resource extraction with asymmetric players. Assuming transferable utility we extend the subgame perfect core concept introduced for extensive-form games to the class of n-person multistage games and specify an algorithm for choosing a unique payoff distribution procedure from the core in a two-player game. This quasi proportional payment schedule satisfies several good properties and could be applied to implement a cooperative solution based on the maximization of the relative benefit from cooperation (or the value of cooperation). We provide a numerical example to demonstrate the properties of the obtained solutions and the algorithm implementation.
Original language | English |
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Title of host publication | Mathematical Optimization Theory and Operations Research |
Subtitle of host publication | 21st International Conference, MOTOR 2022, Proceedings |
Editors | Panos Pardalos, Michael Khachay, Vladimir Mazalov |
Publisher | Springer Nature |
Pages | 235-249 |
Number of pages | 15 |
ISBN (Print) | 9783031096068 |
DOIs | |
State | Published - 2022 |
Event | 21st International Conference on Mathematical Optimization Theory and Operations Research, MOTOR 2022 - Petrozavodsk, Russian Federation Duration: 2 Jul 2022 → 6 Jul 2022 |
Name | Lecture Notes in Computer Science |
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Volume | 13367 |
ISSN (Print) | 0302-9743 |
ISSN (Electronic) | 1611-3349 |
Conference | 21st International Conference on Mathematical Optimization Theory and Operations Research, MOTOR 2022 |
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Country/Territory | Russian Federation |
City | Petrozavodsk |
Period | 2/07/22 → 6/07/22 |
ID: 99997815