Skip to main content

Stability and Optimal Control of a Multiplayer Dynamic Game

  • Conference paper
Operations Research Proceedings

Part of the book series: Operations Research Proceedings ((ORP,volume 2000))

Abstract

A framework is presented for optimal control in a dynamic game of value-cost interaction, with multiple players allocating costs to pursues objectives. For each time step, the stability of the interaction matrix in the equilibrium can be controlled by the cost allocation, leading to a cost-minimal coalition. In the repeated game the players can mutually adjust their costs non-cooperatively according to reaction functions. Cooperative control of cost allocation can help to stabilize the dynamics and achieve an optimal tradeoff between costs and objectives.

This is a preview of subscription content, log in via an institution to check access.

Access this chapter

Chapter
USD 29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD 89.00
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book
USD 119.00
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Institutional subscriptions

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

References

  • Gandolfo, G. (1997): Economic Dynamics, Springer, Heidelberg, 115.

    Google Scholar 

  • Hofbauer, J. and Sigmund, K. (1998): Evolutionary Games and Population Dynamics. Cambridge University Press, Cambridge, 18.

    Book  Google Scholar 

  • Krabs, W. (2000): On Local Controllability of Time Discrete Dynamical Systems into Steady States. To appear in Journal of Difference Equations and Applications.

    Google Scholar 

  • Krabs, W., Pickl, S. and Scheffran, J. (2000): An n-person game under linear side conditions, in: Dockner, E.J.,etal. (eds.), Optimization, Dynamics and Economic Analysis. Essays in Honor of Gustav Feichtinger, Springer, Heidelberg, 76–85.

    Google Scholar 

  • Murata, Y. (1977): Mathematics for Stability and Optimization of Economic Systems, Academic Press, New York.

    Google Scholar 

  • Scheffran, J. (2000): The Dynamic Interaction between Economy and Ecology, Mathematics and Computers in Simulation (in print).

    Google Scholar 

Download references

Author information

Authors and Affiliations

Authors

Editor information

Editors and Affiliations

Rights and permissions

Reprints and permissions

Copyright information

© 2001 Springer-Verlag Berlin Heidelberg

About this paper

Cite this paper

Scheffran, J. (2001). Stability and Optimal Control of a Multiplayer Dynamic Game. In: Fleischmann, B., Lasch, R., Derigs, U., Domschke, W., Rieder, U. (eds) Operations Research Proceedings. Operations Research Proceedings, vol 2000. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-56656-1_3

Download citation

  • DOI: https://doi.org/10.1007/978-3-642-56656-1_3

  • Publisher Name: Springer, Berlin, Heidelberg

  • Print ISBN: 978-3-540-41587-9

  • Online ISBN: 978-3-642-56656-1

  • eBook Packages: Springer Book Archive

Publish with us

Policies and ethics