Please use this identifier to cite or link to this item: http://hdl.handle.net/20.500.11861/9092
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dc.contributor.authorProf. YEUNG Wing Kay, Daviden_US
dc.contributor.authorDr. ZHANG Yingxuan, Cynthiaen_US
dc.date.accessioned2024-03-19T05:46:22Z-
dc.date.available2024-03-19T05:46:22Z-
dc.date.issued2022-
dc.identifier.citationContributions to Game Theory and Management, 2022, vol. 15.en_US
dc.identifier.issn2310-2608-
dc.identifier.urihttp://hdl.handle.net/20.500.11861/9092-
dc.description.abstractAn 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.en_US
dc.language.isoenen_US
dc.relation.ispartofContributions to Game Theory and Managementen_US
dc.titleOn durable-strategies dynamic game theoryen_US
dc.typePeer Reviewed Journal Articleen_US
dc.identifier.doihttps://doi.org/10.21638/11701/spbu31.2022.23-
crisitem.author.deptDepartment of Business Administration-
item.fulltextNo Fulltext-
Appears in Collections:Business Administration - Publication
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