Prof. YEUNG Wing Kay, DavidDavidProf. YEUNG Wing KayPetrosyan, Leon A.Leon A.Petrosyan2021-02-222021-02-222014Contributions to Game Theory and Management, 2014, vol. 7, pp. 404-414.2310-2608http://hdl.handle.net/20.500.11861/6402The provision of public goods constitutes a classic case of market failure which calls for cooperative optimization. However, cooperation cannot be sustainable unless there is guarantee that the agreed-upon optimality principle can be maintained throughout the planning duration. This paper derives subgame consistent cooperative solutions for public goods provision by asymmetric agents with transferable payoffs in a stochastic discrete-time dynamic game framework. This is the first time that dynamic cooperative game in public goods provision is analysed.enOther Article