Abstract

There are three important aspects to-be-taken into account when the stability problem of a long-term cooperative agreement is investigated: time consistency (dynamic stability) of the cooperative agreement, strategic stability and irrational behavior proofness. The mathematical results based on imputation distribution procedure (IDP) are developed for dealing with the above-mentioned aspects of cooperation. The authors prove that, for a special class of differential games, a time-consistent cooperative agreement can be strategically supported by a Nash equilibrium. An example is also considered, where all the three conditions are satisfied.
Original languageEnglish
Pages (from-to)1894-1904
JournalAutomation and Remote Control
Volume76
Issue number10
DOIs
Publication statusPublished - 2015

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