Standard

Non-cooperative Differential Game Model of Oil Market with Looking Forward Approach. / Петросян, Ованес Леонович; Настыч, Мария Александровна; Вольф, Дмитрий Александрович.

Static and Dynamic Game Theory: Foundations and Applications. 2018. p. 189-202 (Static and Dynamic Game Theory: Foundations and Applications).

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

Harvard

Петросян, ОЛ, Настыч, МА & Вольф, ДА 2018, Non-cooperative Differential Game Model of Oil Market with Looking Forward Approach. in Static and Dynamic Game Theory: Foundations and Applications. Static and Dynamic Game Theory: Foundations and Applications, pp. 189-202. https://doi.org/10.1007/978-3-319-92988-0_11

APA

Петросян, О. Л., Настыч, М. А., & Вольф, Д. А. (2018). Non-cooperative Differential Game Model of Oil Market with Looking Forward Approach. In Static and Dynamic Game Theory: Foundations and Applications (pp. 189-202). (Static and Dynamic Game Theory: Foundations and Applications). https://doi.org/10.1007/978-3-319-92988-0_11

Vancouver

Петросян ОЛ, Настыч МА, Вольф ДА. Non-cooperative Differential Game Model of Oil Market with Looking Forward Approach. In Static and Dynamic Game Theory: Foundations and Applications. 2018. p. 189-202. (Static and Dynamic Game Theory: Foundations and Applications). https://doi.org/10.1007/978-3-319-92988-0_11

Author

Петросян, Ованес Леонович ; Настыч, Мария Александровна ; Вольф, Дмитрий Александрович. / Non-cooperative Differential Game Model of Oil Market with Looking Forward Approach. Static and Dynamic Game Theory: Foundations and Applications. 2018. pp. 189-202 (Static and Dynamic Game Theory: Foundations and Applications).

BibTeX

@inbook{7a9a25faaf1947debc06a244d6d5d581,
title = "Non-cooperative Differential Game Model of Oil Market with Looking Forward Approach",
abstract = "The paper applies Looking Forward Approach to analyze the world oil market with the framework of a differential game model of quantity competition oligopoly. Namely Looking Forward Approach is used to take into account dynamically updating information. Under the information we understand the forecast of the oil demand dynamics. We focus on the period from December 2015 to November 2016 and suppose that during this time interval countries did not cooperate officially on the amounts of oil to be produced. Therefore, their behavior can be modeled using the non-cooperative game model. As a solution concept for this conflict-controlled process we use feedback Nash equilibrium. In order to define the parameters of model open source data is used, results of numerical simulations and comparison with the historical data are presented.",
author = "Петросян, {Ованес Леонович} and Настыч, {Мария Александровна} and Вольф, {Дмитрий Александрович}",
year = "2018",
doi = "10.1007/978-3-319-92988-0_11",
language = "English",
series = "Static and Dynamic Game Theory: Foundations and Applications",
pages = "189--202",
booktitle = "Static and Dynamic Game Theory",

}

RIS

TY - CHAP

T1 - Non-cooperative Differential Game Model of Oil Market with Looking Forward Approach

AU - Петросян, Ованес Леонович

AU - Настыч, Мария Александровна

AU - Вольф, Дмитрий Александрович

PY - 2018

Y1 - 2018

N2 - The paper applies Looking Forward Approach to analyze the world oil market with the framework of a differential game model of quantity competition oligopoly. Namely Looking Forward Approach is used to take into account dynamically updating information. Under the information we understand the forecast of the oil demand dynamics. We focus on the period from December 2015 to November 2016 and suppose that during this time interval countries did not cooperate officially on the amounts of oil to be produced. Therefore, their behavior can be modeled using the non-cooperative game model. As a solution concept for this conflict-controlled process we use feedback Nash equilibrium. In order to define the parameters of model open source data is used, results of numerical simulations and comparison with the historical data are presented.

AB - The paper applies Looking Forward Approach to analyze the world oil market with the framework of a differential game model of quantity competition oligopoly. Namely Looking Forward Approach is used to take into account dynamically updating information. Under the information we understand the forecast of the oil demand dynamics. We focus on the period from December 2015 to November 2016 and suppose that during this time interval countries did not cooperate officially on the amounts of oil to be produced. Therefore, their behavior can be modeled using the non-cooperative game model. As a solution concept for this conflict-controlled process we use feedback Nash equilibrium. In order to define the parameters of model open source data is used, results of numerical simulations and comparison with the historical data are presented.

UR - http://www.scopus.com/inward/record.url?scp=85052381590&partnerID=8YFLogxK

U2 - 10.1007/978-3-319-92988-0_11

DO - 10.1007/978-3-319-92988-0_11

M3 - Chapter

T3 - Static and Dynamic Game Theory: Foundations and Applications

SP - 189

EP - 202

BT - Static and Dynamic Game Theory

ER -

ID: 28820423