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Dynamic strategic interactions in economic systems. / Yeung, David W.K.; Petrosyan, Leon A.

SUBGAME CONSISTENT ECONOMIC OPTIMIZATION: AN ADVANCED COOPERATIVE DYNAMIC GAME ANALYSIS. 9780817682613. ed. Birkhäuser Verlag AG, 2012. p. 7-45 (Static and Dynamic Game Theory: Foundations and Applications; No. 9780817682613).

Research output: Chapter in Book/Report/Conference proceeding › Chapter › Research › peer-review

Harvard

Yeung, DWK & Petrosyan, LA 2012, Dynamic strategic interactions in economic systems. in SUBGAME CONSISTENT ECONOMIC OPTIMIZATION: AN ADVANCED COOPERATIVE DYNAMIC GAME ANALYSIS. 9780817682613 edn, Static and Dynamic Game Theory: Foundations and Applications, no. 9780817682613, Birkhäuser Verlag AG, pp. 7-45. https://doi.org/10.1007/978-0-8176-8262-0_2

APA

Yeung, D. W. K., & Petrosyan, L. A. (2012). Dynamic strategic interactions in economic systems. In SUBGAME CONSISTENT ECONOMIC OPTIMIZATION: AN ADVANCED COOPERATIVE DYNAMIC GAME ANALYSIS (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

Vancouver

Yeung DWK, Petrosyan LA. Dynamic strategic interactions in economic systems. In SUBGAME CONSISTENT ECONOMIC OPTIMIZATION: AN ADVANCED COOPERATIVE DYNAMIC GAME ANALYSIS. 9780817682613 ed. Birkhäuser Verlag AG. 2012. p. 7-45. (Static and Dynamic Game Theory: Foundations and Applications; 9780817682613). https://doi.org/10.1007/978-0-8176-8262-0_2

Author

Yeung, David W.K. ; Petrosyan, Leon A. / Dynamic strategic interactions in economic systems. SUBGAME CONSISTENT ECONOMIC OPTIMIZATION: AN ADVANCED COOPERATIVE DYNAMIC GAME ANALYSIS. 9780817682613. ed. Birkhäuser Verlag AG, 2012. pp. 7-45 (Static and Dynamic Game Theory: Foundations and Applications; 9780817682613).

BibTeX

@inbook{99c7bb011d16499db628a06a61971378,
title = "Dynamic strategic interactions in economic systems",
abstract = "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.",
keywords = "Advertising effort, Differential game, Nash equilibrium, Resource stock, Stochastic differential game",
author = "Yeung, {David W.K.} and Petrosyan, {Leon A.}",
year = "2012",
month = jan,
day = "1",
doi = "10.1007/978-0-8176-8262-0_2",
language = "English",
isbn = "978-0-8176-8261-3",
series = "Static and Dynamic Game Theory: Foundations and Applications",
publisher = "Birkh{\"a}user Verlag AG",
number = "9780817682613",
pages = "7--45",
booktitle = "SUBGAME CONSISTENT ECONOMIC OPTIMIZATION: AN ADVANCED COOPERATIVE DYNAMIC GAME ANALYSIS",
address = "Switzerland",
edition = "9780817682613",

}

RIS

TY - CHAP

T1 - Dynamic strategic interactions in economic systems

AU - Yeung, David W.K.

AU - Petrosyan, Leon A.

PY - 2012/1/1

Y1 - 2012/1/1

N2 - 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.

AB - 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.

KW - Advertising effort

KW - Differential game

KW - Nash equilibrium

KW - Resource stock

KW - Stochastic differential game

UR - http://www.scopus.com/inward/record.url?scp=85057541442&partnerID=8YFLogxK

U2 - 10.1007/978-0-8176-8262-0_2

DO - 10.1007/978-0-8176-8262-0_2

M3 - Chapter

AN - SCOPUS:85057541442

SN - 978-0-8176-8261-3

T3 - Static and Dynamic Game Theory: Foundations and Applications

SP - 7

EP - 45

BT - SUBGAME CONSISTENT ECONOMIC OPTIMIZATION: AN ADVANCED COOPERATIVE DYNAMIC GAME ANALYSIS

PB - Birkhäuser Verlag AG

ER -

ID: 36952361