Theory and applications of dynamic games : a course on noncooperative and cooperative games played over event trees
- Cham : Springer, 2022
- xiii, 259 p. ; ill. (some col.), 24 cm
- Theory and Decision Library C. Game Theory, Social Choice, Decision Theory, and Optimization ; v51 .
Includes bibliographical references and index.
This textbook provides a comprehensive overview of noncooperative and cooperative dynamic games involving uncertain parameter values, with the stochastic process being described by an event tree. Primarily intended for graduate students of economics, management science and engineering, the book is self-contained, as it defines and illustrates all relevant concepts originally introduced in static games before extending them to a dynamic framework. It subsequently addresses the sustainability of cooperative contracts over time and introduces a range of mechanisms to help avoid such agreements breaking down before reaching maturity. To illustrate the concepts discussed, the book provides various examples of how dynamic games played over event trees can be applied to environmental economics, management science, and engineering.
9783031164545
Game theory Behavior strategies Characteristic function Cooperative game DGPET Differential games Event tree Mixed strategies Nash equilibrium Nonterminal node Shapley value Subgame perfect equilibrium Trigger strategies