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DOI

In cooperative games over time with uncertainty, a stringent condition (subgame consistency) is required for a dynamically stable solution. In particular, a cooperative solution is subgame consistent if an extension of the solution policy to a situation with a later starting time and any feasible state brought about by prior optimal behavior would remain optimal. This paper derives an analytically tractable payoff distribution procedure leading to the realization of subgame consistent solutions in cooperative stochastic dynamic games. This is the first time that subgame consistent solutions in discrete-time dynamic games under uncertainty are provided.

Язык оригиналаАнглийский
Страницы (с-по)579-596
Число страниц18
ЖурналJournal of Optimization Theory and Applications
Том145
Номер выпуска3
DOI
СостояниеОпубликовано - июн 2010

ID: 5093179