Please use this identifier to cite or link to this item: http://hdl.handle.net/20.500.11861/6591
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dc.contributor.authorProf. YEUNG Wing Kay, Daviden_US
dc.contributor.authorPetrosyan, Leon A.en_US
dc.date.accessioned2021-05-07T09:32:49Z-
dc.date.available2021-05-07T09:32:49Z-
dc.date.issued2021-10-
dc.identifier.citationJournal of Computational and Applied Mathematics, Oct. 2021, vol. 395, no. 113595.en_US
dc.identifier.issn0377-0427-
dc.identifier.urihttp://hdl.handle.net/20.500.11861/6591-
dc.description.abstractThis paper establishes a new class of dynamic games which incorporates two frequently observed real-life phenomena — durable strategies and uncertain horizon. In the presence of durable strategies and random horizon, significant modification of the dynamic optimization techniques is required to accommodate these phenomena. A novel dynamic optimization theorem is developed and a new set of equations characterizing a non-cooperative game equilibrium is derived. A subgame consistent solution for the cooperative game counterpart is obtained with a new theorem for the derivation of a payoff distribution procedure under random horizon and durable strategies. A number of new application results in dynamic games are derived to reflect practical considerations in making decision. Computational illustrations in an application involving a dynamic interactive investments game are provided.en_US
dc.language.isoenen_US
dc.relation.ispartofJournal of Computational and Applied Mathematicsen_US
dc.titleGeneralized dynamic games with durable strategies under uncertain planning horizonen_US
dc.typePeer Reviewed Journal Articleen_US
dc.identifier.doi10.1016/j.cam.2021.113595-
item.fulltextNo Fulltext-
crisitem.author.deptDepartment of Economics and Finance-
Appears in Collections:Economics and Finance - Publication
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