Geodesic
On subgame consistent solution for NTU cooperative stochastic dynamic games
Contributions to game theory and management, Tome 8 (2015), pp. 347-360

Voir la notice de l'article provenant de la source Math-Net.Ru

In cooperative dynamic games a stringent condition — subgame consistency — is required for a dynamically stable solution. In particular, a cooperative solution is subgame consistent if the optimality principle agreed upon at the outset remains in effect in any subgame starting at a later stage with a state brought about by prior optimal behavior. Hence the players do not have incentives to deviate from the previously adopted optimal behavior. Yeung and Petrosyan (2015) provided subgame consistent solutions in cooperative dynamic games with non-transferable payoffs/utility (NTU) using a variable payoffs weights scheme is analyzed. This paper extends their analysis to a stochastic dynamic framework. A solution mechanism for characterizing subgame consistent solutions is derived. The use of a variable payoff weights scheme allows the derivation of subgame consistent solutions under a wide range of optimality principles.
Keywords: stochastic dynamic games, subgame consistent cooperative solution, variable payoff weights. 
@article{CGTM_2015_8_a26,
     author = {David W.K. Yeung and Leon A. Petrosyan},
     title = {On subgame consistent solution for {NTU} cooperative stochastic dynamic games},
     journal = {Contributions to game theory and management},
     pages = {347--360},
     publisher = {mathdoc},
     volume = {8},
     year = {2015},
     language = {en},
     url = {http://geodesic.mathdoc.fr/item/CGTM_2015_8_a26/}
}
TY  - JOUR
AU  - David W.K. Yeung
AU  - Leon A. Petrosyan
TI  - On subgame consistent solution for NTU cooperative stochastic dynamic games
JO  - Contributions to game theory and management
PY  - 2015
SP  - 347
EP  - 360
VL  - 8
PB  - mathdoc
UR  - http://geodesic.mathdoc.fr/item/CGTM_2015_8_a26/
LA  - en
ID  - CGTM_2015_8_a26
ER  - 
%0 Journal Article
%A David W.K. Yeung
%A Leon A. Petrosyan
%T On subgame consistent solution for NTU cooperative stochastic dynamic games
%J Contributions to game theory and management
%D 2015
%P 347-360
%V 8
%I mathdoc
%U http://geodesic.mathdoc.fr/item/CGTM_2015_8_a26/
%G en
%F CGTM_2015_8_a26
David W.K. Yeung; Leon A. Petrosyan. On subgame consistent solution for NTU cooperative stochastic dynamic games. Contributions to game theory and management, Tome 8 (2015), pp. 347-360. http://geodesic.mathdoc.fr/item/CGTM_2015_8_a26/