Backward induction algorithm for a class of closed-loop Stackelberg games

In the paper a new deterministic continuum-strategy two-player discrete-time dynamic Stackelberg game is proposed with fixed finite time duration and closed-loop information structure. The considered payoff functions can be widely used in different applications (mainly in conflicts of consuming a limited resource, where one player, called leader, is a superior authority choosing strategy first, and another player, called follower, chooses after).

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Year of publication:	2014
Authors:	Kicsiny, R. ; Varga, Z. ; Scarelli, A.
Published in:	European Journal of Operational Research. - Elsevier, ISSN 0377-2217. - Vol. 237.2014, 3, p. 1021-1036
Publisher:	Elsevier
Subject:	Game theory \| Closed-loop Stackelberg game \| Leader–follower equilibrium \| Backward induction algorithm \| Game regulation \| Dynamic programming

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Type of publication:	Article
Source:	RePEc - Research Papers in Economics

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