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http://hdl.handle.net/20.500.11861/6474
Title: | The tenet of transitory compensation in dynamically stable cooperation |
Authors: | Prof. YEUNG Wing Kay, David Petrosyan, Leon A. |
Issue Date: | 2007 |
Source: | International Journal of Tomography & Statistics, Fall 2007, vol. 7, pp. 60-65. |
Journal: | International Journal of Tomography & Statistics |
Abstract: | Dynamic cooperation represents one of the most complex forms of decision-making analysis under uncertainty. The complexity leads to great difficulties in the derivation of dynamically stable solutions. An essential factor for a dynamically stable cooperative solution is availability of a system of transitory compensations leading to a subgame consistent solution. In this paper, we derive and examine the rationale behind the working of transitory compensation by discomposing the subgame consistent payoff distribution. |
Type: | Peer Reviewed Journal Article |
URI: | http://hdl.handle.net/20.500.11861/6474 |
ISSN: | 0973-7294 0972-9976 |
Appears in Collections: | Economics and Finance - Publication |
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