Advertisement

Subgame Consistent Cooperation

A Comprehensive Treatise

  • David W.K. Yeung
  • Leon A. Petrosyan

Part of the Theory and Decision Library C book series (TDLC, volume 47)

Table of contents

  1. Front Matter
    Pages i-xiv
  2. David W. K. Yeung, Leon A. Petrosyan
    Pages 1-12
  3. Continuous-Time Analysis

    1. Front Matter
      Pages 13-13
    2. David W. K. Yeung, Leon A. Petrosyan
      Pages 15-51
    3. David W. K. Yeung, Leon A. Petrosyan
      Pages 53-84
    4. David W. K. Yeung, Leon A. Petrosyan
      Pages 107-133
    5. David W. K. Yeung, Leon A. Petrosyan
      Pages 135-161
  4. Discrete-Time Analysis

    1. Front Matter
      Pages 163-163
    2. David W. K. Yeung, Leon A. Petrosyan
      Pages 165-199
    3. David W. K. Yeung, Leon A. Petrosyan
      Pages 201-222
    4. David W. K. Yeung, Leon A. Petrosyan
      Pages 223-250
    5. David W. K. Yeung, Leon A. Petrosyan
      Pages 285-317
  5. Applications

    1. Front Matter
      Pages 319-319
    2. David W. K. Yeung, Leon A. Petrosyan
      Pages 321-369
    3. David W. K. Yeung, Leon A. Petrosyan
      Pages 371-404
    4. David W. K. Yeung, Leon A. Petrosyan
      Pages 405-437
    5. David W. K. Yeung, Leon A. Petrosyan
      Pages 439-494
  6. Back Matter
    Pages 495-520

About this book

Introduction

Strategic behavior in the human and social world has been increasingly recognized in theory and practice. It is well known that non-cooperative behavior could lead to suboptimal or even highly undesirable outcomes. Cooperation suggests the possibility of obtaining socially optimal solutions and the calls for cooperation are prevalent in real-life problems. Dynamic cooperation cannot be sustainable if there is no guarantee that the agreed upon optimality principle at the beginning is maintained throughout the cooperation duration. It is due to the lack of this kind of guarantees that cooperative schemes fail to last till its end or even fail to get started. The property of subgame consistency in cooperative dynamic games and the corresponding solution mechanism resolve this “classic” problem in game theory. 

This book is a comprehensive treatise on subgame consistent dynamic cooperation covering the up-to-date state of the art analyses in this important topic. It sets out to provide the theory, solution techniques and applications of subgame consistent cooperation in a wide spectrum of paradigms for analysis which includes cooperative dynamic game models with stochastic state dynamics, with uncertain future payoffs, with asynchronous players’ horizons, with random cooperation duration, with control spaces switching and with transferable and nontransferable payoffs. The book would be a significant research reference text for researchers in game theory, economists, applied mathematicians, policy-makers, corporate decision-makers, and graduate students in applied mathematics, game theory, decision sciences, economics and management sciences.

"Technically this is a high quality book. It is very relevant to researchers of dynamic games – an area which is very relevant in nowadays research related to complex dynamic systems. The book provides original concepts, ideas and results with relevance."

 Dusan Stipanovic

“The 2004 Nobel Economics Prize was given to works in economic policies under the concept of time consistency with mathematical construction less general, rigorous and precise than that later developed in this book. The concept and technique of subgame consistency were just published then. In terms of advancement in practical applications this book is highly important theoretically and technically on top of economic interpretation.”

 Vladimir Mazalov


Keywords

Differential Games Stochastic Differential Games Randomly-Furcating Asynchronous Players’ Horizons Dynamic Games Random Horizon Dynamic Games Furcating Payoffs NTU Differential Games Public Goods Provision Technology Switching

Authors and affiliations

  • David W.K. Yeung
    • 1
  • Leon A. Petrosyan
    • 2
  1. 1.SRS Consortium for Advanced StudyHong Kong Shue Yan University SRS Consortium for Advanced StudyHong KongHong Kong
  2. 2.app.20Saint-Petersburg State University app.20St.PetersburgRussia

Bibliographic information

  • DOI https://doi.org/10.1007/978-981-10-1545-8
  • Copyright Information Springer Science+Business Media Singapore 2016
  • Publisher Name Springer, Singapore
  • eBook Packages Mathematics and Statistics
  • Print ISBN 978-981-10-1544-1
  • Online ISBN 978-981-10-1545-8
  • Series Print ISSN 0924-6126
  • Series Online ISSN 2194-3044
  • Buy this book on publisher's site
Industry Sectors
Pharma
Chemical Manufacturing
Finance, Business & Banking