Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › Research › peer-review
We consider a model of renewable resource extraction described by a differential game with infinite horizon. The environmental problems are often considered from cooperative prospective as selfish behavior of the players may negatively affects not only on other players’ profits, but also on the environment. The reason is the joint stock of resource which is influenced by all players. We characterize the Berge and altruistic equilibrium in a differential game of renewable resource extraction and compare them with the Nash equilibrium. According to the concept of altruistic equilibrium players can choose the part of the other players’ payoffs they support and summarize with the part of their own profit. This equilibrium can be considered as an intermediate between Berge and Nash equilibria. We make numerical simulations and demonstrate theoretical results for the case of n symmetric players.
Original language | English |
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Title of host publication | Mathematical Optimization Theory and Operations Research - 20th International Conference, MOTOR 2021, Proceedings |
Editors | Panos Pardalos, Michael Khachay, Alexander Kazakov |
Publisher | Springer Nature |
Pages | 326-339 |
Number of pages | 14 |
ISBN (Print) | 9783030778750 |
DOIs | |
State | Published - 2021 |
Event | 20th International Conference on Mathematical Optimization Theory and Operations Research , MOTOR 2021 - Virtual, Online, Russian Federation Duration: 5 Jul 2021 → 10 Jul 2021 Conference number: 20 https://conference.icc.ru/event/3 |
Name | Lecture Notes in Computer Science (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics) |
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Volume | 12755 LNCS |
ISSN (Print) | 0302-9743 |
ISSN (Electronic) | 1611-3349 |
Conference | 20th International Conference on Mathematical Optimization Theory and Operations Research , MOTOR 2021 |
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Abbreviated title | MOTOR 2021 |
Country/Territory | Russian Federation |
City | Virtual, Online |
Period | 5/07/21 → 10/07/21 |
Internet address |
ID: 84476739