We study a “cap and trade” scheme for congestion control: the planner sets constraints for aggregate utilization on certain critical links in a given network and competitive trading of usage rights in a secondary market is expected to identify over time prices clearing demand for the...

One thing that nearly all stability concepts in evolutionary game theory have in common is that they use a time-independent fitness matrix. Although this is a reasonable assumption for mathematical purposes, in many situations in real life it seems to be too restrictive. We present a model of an...

This paper has a two-fold purpose. First, we attempt to outline the development of the turnpike theorems in the last several decades. Second, we study turnpike theorems in finite-horizon two-person zero-sum Markov games on a general Borel state space. Utilising the Bellman (or Shapley) operator...