Geodesic
Stable joint venture stochastic model
Matematičeskaâ teoriâ igr i eë priloženiâ, Tome 1 (2009) no. 1, pp. 16-45

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

Dynamic joint venture model is investigated. Through knowledge diffusion participating firms can gain core skills and technology that would be very difficult for them to obtain on their own. The stochastic evolution of the technology level of company under joint venture is known as a multivariate stochastic Ito's process. The profit of the joint venture is the expected sum of the participating firms' profits. The member firms would maximize their joint profit and share their cooperative profits according to the Shapley value. Applying the method of regularization for dynamic cooperation problem, we constructed the control in the form of special payments, paid at each time instant on the optimal trajectory. The dynamic stable solution is obtained for the stochastic joint venture dynamic model.
Keywords: differential game, cooperative solution, time-consistency of cooperative agreement, payoff distribution procedure (PDP), imputation distribution procedure (IDP), dynamic stability, strategic stability, Shapley value
Mots-clés : stable joint venture. 
@article{MGTA_2009_1_1_a1,
     author = {Nickolay Zenkevich and Nickolay Kolabutin and David Yeung},
     title = {Stable joint venture stochastic model},
     journal = {Matemati\v{c}eska\^a teori\^a igr i e\"e prilo\v{z}eni\^a},
     pages = {16--45},
     publisher = {mathdoc},
     volume = {1},
     number = {1},
     year = {2009},
     language = {ru},
     url = {http://geodesic.mathdoc.fr/item/MGTA_2009_1_1_a1/}
}
TY  - JOUR
AU  - Nickolay Zenkevich
AU  - Nickolay Kolabutin
AU  - David Yeung
TI  - Stable joint venture stochastic model
JO  - Matematičeskaâ teoriâ igr i eë priloženiâ
PY  - 2009
SP  - 16
EP  - 45
VL  - 1
IS  - 1
PB  - mathdoc
UR  - http://geodesic.mathdoc.fr/item/MGTA_2009_1_1_a1/
LA  - ru
ID  - MGTA_2009_1_1_a1
ER  - 
%0 Journal Article
%A Nickolay Zenkevich
%A Nickolay Kolabutin
%A David Yeung
%T Stable joint venture stochastic model
%J Matematičeskaâ teoriâ igr i eë priloženiâ
%D 2009
%P 16-45
%V 1
%N 1
%I mathdoc
%U http://geodesic.mathdoc.fr/item/MGTA_2009_1_1_a1/
%G ru
%F MGTA_2009_1_1_a1
Nickolay Zenkevich; Nickolay Kolabutin; David Yeung. Stable joint venture stochastic model. Matematičeskaâ teoriâ igr i eë priloženiâ, Tome 1 (2009) no. 1, pp. 16-45. http://geodesic.mathdoc.fr/item/MGTA_2009_1_1_a1/