Time consistency and optimal-trajectory-subgame consistent economic optimization

David W.K. Yeung, Leon A. Petrosyan

Результат исследований: Публикации в книгах, отчётах, сборниках, трудах конференцийглава/раздел

Выдержка

The noncooperative games discussed in Chap. 2 fail to reflect all the facets of optimal behavior in n-person market games. In particular, equilibria in noncooperative games do not take into consideration Pareto efficiency or group optimality. Chapter 3 considers cooperation in economic optimization and it is shown that group optimality and individual rationality are two essential properties for cooperation. However, merely satisfying group optimality and individual rationality does not necessarily bring about a dynamically stable solution in economic cooperation because there is no guarantee that the agreed-upon optimality principle is fulfilled throughout the cooperative period. In this chapter we consider dynamically stable economic optimization.

Язык оригиналаанглийский
Название основной публикацииStatic and Dynamic Game Theory
Подзаголовок основной публикацииFoundations and Applications
ИздательBirkhäuser Verlag AG
Страницы77-110
Число страниц34
Издание9780817682613
DOI
СостояниеОпубликовано - 1 янв 2012

Серия публикаций

НазваниеStatic and Dynamic Game Theory: Foundations and Applications
Номер9780817682613
ISSN (печатное издание)2363-8516
ISSN (электронное издание)2363-8524

Отпечаток

Time Consistency
Optimal Trajectory
Optimality
Non-cooperative Game
Trajectories
Economics
Rationality
Optimization
Pareto Efficiency
Optimality Principle
Stable Solution
Facet
Person
Game
Trajectory
Time consistency

Предметные области Scopus

  • Статистика, теория вероятности и теория неопределенности
  • Теория вероятности и статистика
  • Прикладная математика

Цитировать

Yeung, D. W. K., & Petrosyan, L. A. (2012). Time consistency and optimal-trajectory-subgame consistent economic optimization. В Static and Dynamic Game Theory: Foundations and Applications (9780817682613 ред., стр. 77-110). (Static and Dynamic Game Theory: Foundations and Applications; № 9780817682613). Birkhäuser Verlag AG. https://doi.org/10.1007/978-0-8176-8262-0_4
Yeung, David W.K. ; Petrosyan, Leon A. / Time consistency and optimal-trajectory-subgame consistent economic optimization. Static and Dynamic Game Theory: Foundations and Applications. 9780817682613. ред. Birkhäuser Verlag AG, 2012. стр. 77-110 (Static and Dynamic Game Theory: Foundations and Applications; 9780817682613).
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Yeung, DWK & Petrosyan, LA 2012, Time consistency and optimal-trajectory-subgame consistent economic optimization. в Static and Dynamic Game Theory: Foundations and Applications. 9780817682613 ред., Static and Dynamic Game Theory: Foundations and Applications, № 9780817682613, Birkhäuser Verlag AG, стр. 77-110. https://doi.org/10.1007/978-0-8176-8262-0_4

Time consistency and optimal-trajectory-subgame consistent economic optimization. / Yeung, David W.K.; Petrosyan, Leon A.

Static and Dynamic Game Theory: Foundations and Applications. 9780817682613. ред. Birkhäuser Verlag AG, 2012. стр. 77-110 (Static and Dynamic Game Theory: Foundations and Applications; № 9780817682613).

Результат исследований: Публикации в книгах, отчётах, сборниках, трудах конференцийглава/раздел

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Yeung DWK, Petrosyan LA. Time consistency and optimal-trajectory-subgame consistent economic optimization. В Static and Dynamic Game Theory: Foundations and Applications. 9780817682613 ред. Birkhäuser Verlag AG. 2012. стр. 77-110. (Static and Dynamic Game Theory: Foundations and Applications; 9780817682613). https://doi.org/10.1007/978-0-8176-8262-0_4