Dynamic strategic interactions in economic systems

David W.K. Yeung, Leon A. Petrosyan

Research output


The recent globalization and emergence of multinational corporations turned many major economic activities into dynamic interactive endeavors. The number of decision makers involved is relatively small and it leads to significant strategic interdependence. With human life being lived over time, and institutions like markets, firms, and governments changing over time, the economic system is definitely a dynamic interactive entity. Section 2.1 provides a general overview of dynamic interactive economic systems. Market outcomes under open-loop equilibria are investigated in Sect. 2.2 and those under feedback equilibria are examined in Sect. 2.3. An extension of the analysis to a stochastic framework is provided in Sect. 2.4.

Original languageEnglish
Title of host publicationStatic and Dynamic Game Theory
Subtitle of host publicationFoundations and Applications
PublisherBirkhäuser Verlag AG
Number of pages39
Publication statusPublished - 1 Jan 2012

Publication series

NameStatic and Dynamic Game Theory: Foundations and Applications
ISSN (Print)2363-8516
ISSN (Electronic)2363-8524

Scopus subject areas

  • Statistics, Probability and Uncertainty
  • Statistics and Probability
  • Applied Mathematics

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    Yeung, D. W. K., & Petrosyan, L. A. (2012). Dynamic strategic interactions in economic systems. In Static and Dynamic Game Theory: Foundations and Applications (9780817682613 ed., pp. 7-45). (Static and Dynamic Game Theory: Foundations and Applications; No. 9780817682613). Birkhäuser Verlag AG. https://doi.org/10.1007/978-0-8176-8262-0_2