| Description |
1 online resource (xvi, 395 pages) |
| Series |
Static & dynamic game theory: Foundations & applications |
|
Static & dynamic game theory.
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| 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 -- 10Subgame Consistent Dormant Firm Cartel -- 11 Dynamic Consistency in Discrete-time Cooperative Games -- 12 Discrete-time Cooperative Games Under Uncertainty -- Technical Appendices -- References -- Index |
| Summary |
The prevalence of imperfect structures, externalities, and imperfect information in existing market systems prevents the marketfrom serving asan efficient mechanism for resource allocation. In the presence ofsuch failures, optimization of economic activities provides an effective remedial measure. Cooperative optimization suggests the possibility of socially optimal and individually rational solutions to decision problems involving strategic action over time; however, to guarantee that cooperation will last throughout the agreement period, the stringent condition ofsubgame consistencyis required. This textbook presents a treatise on subgame consistent economic optimization, developing game-theoretic optimization techniquesto establish the foundation for an effective policy menu to tackle sub-optimalcircumstancesthat the conventional market mechanism fails to resolve. Topics covered include: * dynamic optimization; * group optimality and individual rationality; * time (optimal-trajectory-subgame) consistent economic optimization; * dynamic economic optimization under uncertainty and subgame consistency; * dynamically stable joint ventures; * collaborative environmental management; * discrete-time subgame consistent economic optimization. This is the first bookto thoroughly addressthe topic of subgame consistent economic optimization. It will be of particular interest as a research reference forgame theorists, economists, mathematicians, policy makers, and corporate planners. With ample problems and exercises, it is alsoauseful text forgraduate students in game theory |
| Analysis |
Mathematics |
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Mathematical optimization |
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Economics, Mathematical |
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Game Theory, Economics, Social and Behav. Sciences |
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Game Theory/Mathematical Methods |
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Optimization |
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Applications of Mathematics |
| Bibliography |
Includes bibliographical references (pages 385-392) and index |
| Notes |
English |
| Subject |
Game theory.
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Mathematical optimization.
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Economics.
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Mathematics.
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Economics
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Game Theory
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Mathematical Concepts
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Mathematics
|
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economics.
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mathematics.
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applied mathematics.
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Optimización matemática
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Economía
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Matemáticas
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Juegos, Teoría de
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Mathematics
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Economics
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Game theory
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Mathematical optimization
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| Form |
Electronic book
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| Author |
Petrosi︠a︡n, L. A. (Leon Aganesovich)
|
| ISBN |
9780817682620 |
|
0817682627 |
|
0817682619 |
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9780817682613 |
|
