Prof. YEUNG Wing Kay, DavidDavidProf. YEUNG Wing KayDr. ZHANG Yingxuan, CynthiaCynthiaDr. ZHANG Yingxuan2024-03-192024-03-192022Contributions to Game Theory and Management, 2022, vol. 15.2310-2608http://hdl.handle.net/20.500.11861/9092An 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.enPeer Reviewed Journal Articlehttps://doi.org/10.21638/11701/spbu31.2022.23