This book is an important and innovative addition to textbooks in game theory. It provides a detailed discourse on the extension of two of the world’s most prominent cooperative game solutions – the seminal Shapley value in games with transferrable payoffs and the classic Nash bargaining scheme in games with non-transferrable payoffs – to a dynamic framework. The extension of these two classic cooperative solution concepts into a dynamic setting is not just of theoretical interest, but also allows many real-life cooperation situations – like global environmental management, nuclear disarmament, disease control, trade disputes and political unions – to be analyzed in an effective way. This book provides: (i) A compendium of dynamic optimization techniques used in its analysis; (ii) a detailed disquisition on cooperative dynamic consistency; (iii) the extension of the Shapley Value to a dynamic framework; (iv) the establishment of a dynamic Nash bargaining paradigm; and (v) the incorporation of stochastic elements into the analyses. Interesting solvable examples are provided to illustrate the practicality and applicability of the dynamic Shapley value and dynamic Nash bargaining scheme in dynamic cooperation.
David W. K. Yeung
Dynamic Shapley Value and Dynamic Nash Bargaining [PDF ebook]
Dynamic Shapley Value and Dynamic Nash Bargaining [PDF ebook]
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Ngôn ngữ Anh ● định dạng PDF ● Trang 238 ● ISBN 9781536145502 ● Biên tập viên David W. K. Yeung ● Nhà xuất bản Nova Science Publishers, Inc. ● Được phát hành 2018 ● Có thể tải xuống 3 lần ● Tiền tệ EUR ● TÔI 6961951 ● Sao chép bảo vệ Adobe DRM
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