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...