Subgame Consistent Economic Optimization

An Advanced Cooperative Dynamic Game Analysis

Versandkostenfrei!

Versandfertig in 6-10 Tagen

38,99 €

inkl. MwSt.

Jetzt bewerten

Weitere Ausgaben:

eBook, PDF

PAYBACK Punkte

19 °P sammeln!

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-theore...

Weiterlesen / Aufklappen

Advance praise for Subgame Consistent Economic Optimization:

"The text is truly a world-leading treatise in the field of dynamically consistent economic optimization and a Russian classic in mathematics and economics. It is a timely publication to tackle the increasingly crucial issues of consistency and dynamic stability in collaborative activities in the economic arena. The elegant mathematics developed by the authors and their [useful] applications in economics are prevalent in the analysis. The text expanded L. V. Kantorovich's award-winning work in economic optimization significantly in the new directions of game-theoretic interaction, dynamic evolution, stochasticity, and subgame consistency." -- Vladimir Mazalov, Director of Karelian Institute of Applied Mathematical Research, Russian Academy of Sciences

"The book is a comprehensive treatise on subgame consistent economic optimization. It is an important methodological contribution to the research on consistency and dynamic stability of cooperative strategies, developed originally by the authors. ... The book is well organized and clear; moreover, it provides an extensive reference list to the relevant economic differential game literature." (Bruno Viscolani, Mathematical Reviews, January, 2013)

From the reviews: Advance praise for Subgame Consistent Economic Optimization: The text is truly a world-leading treatise in the field of dynamically consistent economic optimization and a Russian classic in mathematics and economics. It is a timely publication to tackle the increasingly crucial issues of consistency and dynamic stability in collaborative activities in the economic arena. The elegant mathematics developed by the authors and their [useful] applications in economics are prevalent in the analysis. The text expanded L. V. Kantorovich's award-winning work in economic optimization significantly in the new directions of game-theoretic interaction, dynamic evolution, stochasticity, and subgame consistency. Vladimir Mazalov, Director of Karelian Institute of Applied Mathematical Research, Russian Academy of Sciences "The book is a comprehensive treatise on subgame consistent economic optimization. It is an important methodological contribution to the research on consistency and dynamic stability of cooperative strategies, developed originally by the authors. ... The book is well organized and clear; moreover, it provides an extensive reference list to the relevant economic differential game literature." (Bruno Viscolani, Mathematical Reviews, January, 2013)