Research output: Chapter in Book/Report/Conference proceeding › Chapter › peer-review
Subgame consistency is a fundamental element in the solution of cooperative stochastic differential games. In particular, it ensures that the extension of the solution policy to a later starting time and any possible state brought about by prior optimal behavior of the players will remain optimal. Recently, mechanisms for the derivation of subgame consistent solutions in stochastic cooperative differential games with transferable payoffs have been found. In the case when players’ payoffs are nontransferable, the derivation of solution candidates is extremely complicated and often intractable. In this chapter, subgame consistent solutions are derived for a class of cooperative stochastic differential games with nontransferable payoffs.
Original language | English |
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Title of host publication | Annals of the International Society of Dynamic Games |
Publisher | Birkhäuser Verlag AG |
Pages | 153-170 |
Number of pages | 18 |
DOIs | |
State | Published - 1 Jan 2007 |
Name | Annals of the International Society of Dynamic Games |
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Volume | 9 |
ISSN (Print) | 2474-0179 |
ISSN (Electronic) | 2474-0187 |
ID: 36952514