Geodesic
On durable-strategies dynamic game theory
Contributions to game theory and management, Tome 15 (2022), pp. 311-324.

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An empirically meaningful theory of dynamic games has to incorporate real-life phenomena. Durable strategies, which effects last for a period of time, are prevalent in real-life situations. Revenue generating investments, toxic waste disposal and purchase of durable goods are common examples of durable strategies. This paper first provides a review on durable-strategies dynamic game theory. A practically relevant advancement – random horizon durable-strategies dynamic games - yielding novel results in durable-strategies dynamic games theory is then presented. Dynamic optimization theorem, game formulations and HJB equations are derived. An illustrative example is provided. The theory and solution mechanism of durable-strategies cooperative dynamic games are also discussed.
Keywords: dynamic Game, durable-strategies, random horizon. 
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David W. K. Yeung; Yingxuan Zhang. On durable-strategies dynamic game theory. Contributions to game theory and management, Tome 15 (2022), pp. 311-324. http://geodesic.mathdoc.fr/item/CGTM_2022_15_a23/

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