A substitute for the classical Neumann-Morgenstern characteristic function in cooperative differential games
From MaRDI portal
Publication:2197183
Abstract: In this paper, we present a systematic overview of different endogenous optimization-based characteristic functions and discuss their properties. Furthermore, we define and analyze in detail a new, -characteristic function. This characteristic function has a substantial advantage over other characteristic functions in that it can be obtained with a minimal computational effort and has a reasonable economic interpretation. In particular, the new characteristic function can be seen as a reduced version of the classical Neumann-Morgenstern characteristic function, where the players both from the coalition and from the complementary coalition use their previously computed strategies instead of solving respective optimization problems. Our finding are illustrated by a pollution control game with non-identical players. For the considered game, we compute all characteristic functions and compare their properties. Quite surprisingly, it turns out that both the characteristic functions and the resulting cooperative solutions satisfy some symmetry relations.
Recommendations
- On a approach to the construction of characteristic function for cooperative differential games
- Characteristic functions of cooperative differential games
- scientific article; zbMATH DE number 3906273
- New method to characterize subgame perfect Nash equilibria in differential games
- Subgame Consistent Solutions for a Class of Cooperative Stochastic Differential Games with Nontransferable Payoffs
- Subgame consistent solutions of a cooperative stochastic differential game with nontransferable payoffs
- scientific article; zbMATH DE number 7349343
- Subgame consistent cooperative solutions in stochastic differential games
- The \(\tau\) value of cooperative games with generalized characteristic functions
Cites work
- scientific article; zbMATH DE number 3653911 (Why is no real title available?)
- scientific article; zbMATH DE number 1226085 (Why is no real title available?)
- scientific article; zbMATH DE number 1226100 (Why is no real title available?)
- scientific article; zbMATH DE number 1243371 (Why is no real title available?)
- scientific article; zbMATH DE number 2020917 (Why is no real title available?)
- scientific article; zbMATH DE number 824667 (Why is no real title available?)
- scientific article; zbMATH DE number 3078997 (Why is no real title available?)
- A differential game of joint implementation of environmental projects
- A friendly computable characteristic function
- COALITION FORMATION GAMES: A SURVEY
- Characteristic functions in a linear oligopoly TU game
- Equal or proportional division of a surplus, and other methods
- On a approach to the construction of characteristic function for cooperative differential games
- On a class of hybrid differential games
- On global existence of solutions to coupled matrix Riccati equations in closed-loop Nash games
- On the uniqueness of the Nash solution in linear-quadratic differential games
- Optimal control and viscosity solutions of Hamilton-Jacobi-Bellman equations
- Sustaining cooperation in a differential game of advertising goodwill accumulation
- The Shapley value as a sustainable cooperative solution in differential games of three players
- The core of an economy with multilateral environmental externalities
- The recursive core for non-superadditive games
- Time-consistent Shapley value allocation of pollution cost reduction
Cited in
(11)- Computation of characteristic function values for linear-state differential games
- Cooperative differential games with continuous updating using Hamilton-Jacobi-Bellman equation
- On the symmetry relation between different characteristic functions for additively separable cooperative games
- Characteristic functions of cooperative differential games
- On a approach to the construction of characteristic function for cooperative differential games
- Strong time-consistency of a core: an application to the pollution control problem in Eastern Siberia
- Comparison of methods of organization and management efficiency in dynamic models of Cournot oligopoly
- A cooperation scheme in multistage game of renewable resource extraction with asymmetric players
- Cooperative optimality principles in differential games on networks
- The core of cooperative differential games on networks
- A pollution control problem for the aluminum production in Eastern Siberia: differential game approach
This page was built for publication: A substitute for the classical Neumann-Morgenstern characteristic function in cooperative differential games
Report a bug (only for logged in users!)Click here to report a bug for this page (MaRDI item Q2197183)
