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Contributions to Game Theory and Management, 2009, Volume 2, Pages 461–473 (Mi cgtm68)  

This article is cited in 1 scientific paper (total in 1 paper)

Time-consistency Problem Under Condition of a Random Game Duration in Resource Extraction

Ekaterina V. Shevkoplyas

St. Petersburg State University, Faculty of Applied Mathematics and Control Processes, University pr., 35, Petrodvorets, 198 904 St. Petersburg, Russia
Full-text PDF (190 kB) Citations (1)
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Abstract: We consider time-consistency problem for cooperative differential $n$-person games with random duration. It is proved, that in many cases the solution (or optimality principle) for such games is time-inconsistent. For regularization of solution the special imputation distributed procedure (IDP) is introduced and the time-consistency of the new regularized optimality principle is proved. At last we consider one game-theoretical problem of non-renewable resource extraction under condition of a random game duration. The problem of time-consistency for the Shapley Value in this example is investigated.
Keywords: time-consistency, random duration, Shapley Value, differential game, non-renewable resource.
Document Type: Article
Language: English
Citation: Ekaterina V. Shevkoplyas, “Time-consistency Problem Under Condition of a Random Game Duration in Resource Extraction”, Contributions to Game Theory and Management, 2 (2009), 461–473
Citation in format AMSBIB
\Bibitem{She09}
\by Ekaterina~V.~Shevkoplyas
\paper Time-consistency Problem Under Condition of a Random Game Duration in Resource Extraction
\jour Contributions to Game Theory and Management
\yr 2009
\vol 2
\pages 461--473
\mathnet{http://mi.mathnet.ru/cgtm68}
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  • https://www.mathnet.ru/eng/cgtm/v2/p461
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