A TIME-CONSISTENT SOLUTION FORMULA FOR BARGAINING PROBLEM IN DIFFERENTIAL GAMES

This paper presents a solution formula for the payoff distribution procedure of a bargaining problem in cooperative differential game that would lead to a time consistent outcome. In particular, individual rationality is satisfied for every player throughout the cooperation period.

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Year of publication:	2014
Authors:	PETROSYAN, LEON A. ; YEUNG, DAVID W. K.
Published in:	International Game Theory Review (IGTR). - World Scientific Publishing Co. Pte. Ltd., ISSN 1793-6675. - Vol. 16.2014, 04, p. 1450016-1
Publisher:	World Scientific Publishing Co. Pte. Ltd.
Subject:	Differential games \| time consistency \| bargaining problem

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Extent:	application/pdf text/html
Type of publication:	Article
Classification:	B4 - Economic Methodology ; C0 - Mathematical and Quantitative Methods. General ; C6 - Mathematical Methods and Programming ; C7 - Game Theory and Bargaining Theory ; D5 - General Equilibrium and Disequilibrium ; D7 - Analysis of Collective Decision-Making ; M2 - Business Economics
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011096379