Subgame consistent economic optimization an advanced cooperative dynamic game analysis / [electronic resource] :
- 作者： Yeung, David W.K.
- 其他作者：
- 其他題名：
- Static & dynamic game theory: Foundations & applications
- 出版： Boston : Springer Science+Business Media, LLC
- 叢書名： Static & dynamic game theory: Foundations & applications
- 主題： Game theory , Mathematical optimization , Mathematics , Game Theory, Economics, Social and Behav. Sciences. , Game Theory/Mathematical Methods. , Optimization. , Applications of Mathematics.
- ISBN： 9780817682620 (electronic bk.) 、 9780817682613 (paper)
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FIND@SFXID:
CGU
- 資料類型: 電子書
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讀者標籤：
- 系統號： 005082509 | 機讀編目格式
館藏資訊
Various imperfections in existing market systems prevent the free market from serving as a truly efficient allocation mechanism, but optimization of economic activities provides an effective remedial measure. Cooperative optimization claims that socially optimal and individually rational solutions to decision problems involving strategic action over time exist. To ensure that cooperation will last throughout the agreement period, however, the stringent condition of subgame consistency is required. This textbook presents a study of subgame consistent economic optimization, developing game-theoretic optimization techniques to establish the foundation for an effective policy menu to tackle the suboptimal behavior that the conventional market mechanism fails to resolve.