Subgame Consistent Economic Optimization An Advanced Cooperative Dynamic Game Analysis /

• Main Authors: Yeung, David W.K (Author), Petrosyan, Leon A. (Author)
• Corporate Author: SpringerLink (Online service)
• Format: Electronic eBook
• Language: English
• Published: Boston : Birkhäuser Boston, 2012.
• Edition: 1st Edition.
• Series: Static & Dynamic Game Theory: Foundations & Applications
• Subjects: Mathematics.; Applied mathematics.; Engineering mathematics.; Game theory.; Mathematical optimization.; Game Theory, Economics, Social and Behav. Sciences.; Game Theory.; Optimization.; Applications of Mathematics.

The prevalence of imperfect structures, externalities, and imperfect information in existing market systems prevents the market from serving as an efficient mechanism for resource allocation. In the presence of such failures, optimization of economic activities provides an effective remedial measure...

Table of Contents:

• Preface
• Introduction.- 1 Dynamic Strategic Interactions in Economic System.- 2 Dynamic Economic Optimization: Group Optimality and Individual Rationality
• 3 Time Consistency and Optimal-Trajectory-Subgame Consistent Economic Optimization
• 4 Dynamically Stable Cost-saving Joint Venture
• 5 Collaborative Environmental Management
• 6 Dynamically Stable Dormant Firm Cartel
• 7 Subgame Consistent Economic Optimization Under Uncertainty
• 8 Cost-saving Joint Venture Under Uncertainty
• 9 Collaborative Environmental Management Under Uncertainty
• 10 Subgame Consistent Dormant Firm Cartel
• 11 Dynamic Consistency in Discrete-time Cooperative Games
• 12 Discrete-time Cooperative Games Under Uncertainty
• Technical Appendices
• References
• Index.