Research output: Contribution to journal › Article › peer-review
On the Strong Time Consistency of the Core. / Sedakov, A. A.
In: Automation and Remote Control, Vol. 79, No. 4, 01.04.2018, p. 757-767.Research output: Contribution to journal › Article › peer-review
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TY - JOUR
T1 - On the Strong Time Consistency of the Core
AU - Sedakov, A. A.
PY - 2018/4/1
Y1 - 2018/4/1
N2 - Time consistency is one of desirable properties for any solution of a cooperative dynamic game. If a solution is time-consistent, the players do not need to break a cooperative agreement. In this paper, we consider the core as the solution and establish conditions for its strong time consistency. When the core is not strongly time-consistent, we show that in some cases its elements can be yielded using a strongly time-consistent imputation distribution procedure. An explicit form of the procedure is given.
AB - Time consistency is one of desirable properties for any solution of a cooperative dynamic game. If a solution is time-consistent, the players do not need to break a cooperative agreement. In this paper, we consider the core as the solution and establish conditions for its strong time consistency. When the core is not strongly time-consistent, we show that in some cases its elements can be yielded using a strongly time-consistent imputation distribution procedure. An explicit form of the procedure is given.
KW - cooperation
KW - core
KW - dynamic games
KW - strong time consistency
UR - http://www.scopus.com/inward/record.url?scp=85045522471&partnerID=8YFLogxK
U2 - 10.1134/S000511791804015X
DO - 10.1134/S000511791804015X
M3 - Article
AN - SCOPUS:85045522471
VL - 79
SP - 757
EP - 767
JO - Automation and Remote Control
JF - Automation and Remote Control
SN - 0005-1179
IS - 4
ER -
ID: 32726405