Essays On Pareto Optimality In Cooperative Games

Author : Yaning Lin,Weihai Zhang
Publisher : Springer Nature
Page : 169 pages
File Size : 42,8 Mb
Release : 2022-09-21
Category : Technology & Engineering
ISBN : 9789811950490

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Essays on Pareto Optimality in Cooperative Games by Yaning Lin,Weihai Zhang Pdf

The book focuses on Pareto optimality in cooperative games. Most of the existing works focus on the Pareto optimality of deterministic continuous-time systems or for the regular convex LQ case. To expand on the available literature, we explore the existence conditions of Pareto solutions in stochastic differential game for more general cases. In addition, the LQ Pareto game for stochastic singular systems, Pareto-based guaranteed cost control for uncertain mean-field stochastic systems, and the existence conditions of Pareto solutions in cooperative difference game are also studied in detail. Addressing Pareto optimality for more general cases and wider systems is one of the major features of the book, making it particularly suitable for readers who are interested in multi-objective optimal control. Accordingly, it offers a valuable asset for researchers, engineers, and graduate students in the fields of control theory and control engineering, economics, management science, mathematics, etc.

Author : Panos M. Pardalos,A. Migdalas,Leonidas Pitsoulis
Publisher : Springer Science & Business Media
Page : 872 pages
File Size : 54,7 Mb
Release : 2008-07-02
Category : Mathematics
ISBN : 9780387772479

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Pareto Optimality, Game Theory and Equilibria by Panos M. Pardalos,A. Migdalas,Leonidas Pitsoulis Pdf

This comprehensive work examines important recent developments and modern applications in the fields of optimization, control, game theory and equilibrium programming. In particular, the concepts of equilibrium and optimality are of immense practical importance affecting decision-making problems regarding policy and strategies, and in understanding and predicting systems in different application domains, ranging from economics and engineering to military applications. The book consists of 29 survey chapters written by distinguished researchers in the above areas.

Author : Gianfranco Gambarelli
Publisher : Springer Science & Business Media
Page : 241 pages
File Size : 51,5 Mb
Release : 2013-06-05
Category : Business & Economics
ISBN : 9781402029363

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Essay in Cooperative Games by Gianfranco Gambarelli Pdf

Essays on Cooperative Games collates selected contributions on Cooperative Games. The papers cover both theoretical aspects (Coalition Formation, Values, Simple Games and Dynamic Games) and applied aspects (in Finance, Production, Transportation and Market Games). A contribution on Minimax Theorem (by Ken Binmore) and a brief history of early Game Theory (by Gianfranco Gambarelli and Guillermo Owen) are also enclosed.

Author : Roger A McCain
Publisher : World Scientific
Page : 236 pages
File Size : 50,5 Mb
Release : 2013-03-07
Category : Business & Economics
ISBN : 9789814417419

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Value Solutions in Cooperative Games by Roger A McCain Pdf

This book introduces new concepts for cooperative game theory, and particularly solutions that determine the distribution of a coalitional surplus among the members of the coalition. It also addresses several generalizations of cooperative game theory. Drawing on methods of welfare economics, new value solutions are derived for Non-Transferable Utility games with and without differences of bargaining power among the members of the coalition. Cooperation in intertemporal games is examined, and conditions that permit the reduction of these games to games in coalition function form are outlined. Biform games and games that combine non-cooperative search and matching of coalition members with cooperative solutions (i.e., efficient contracts) within the coalition are considered. Contents:Value Solutions for Superadditive Transferable Utility Games in Coalition Function FormZeuthen–Nash BargainingNontransferable Utility Games and Games in Partition Function FormA Shapley Value Algorithm for Games in Partition Function FormExtension of the Nucleolus to Nontransferable Utility Games in Partition Function FormA Core Imputation with Variable Bargaining PowerBargaining Power Biform GamesIntertemporal Cooperative Games: A Sketch of a TheoryA Theory of Enterprise Readership: Graduate students and researchers in the field of game theory. Keywords:Cooperative Games;Value;Imputation;Bargaining TheoryKey Features:Proposes a value solution for games of two or more players that: (i) is the Nash bargaining solution in a special case, (ii) allows for unsymmetrical bargaining power, (iii) allows for group-to-group bargaining, and (iv) is always a point in the core of the game if the game is not nullUses methods from mathematical welfare economics to bridge the gap from non-transferable utility to transferable utilityRelying on Biform Games (Brandenburger and Stuart), constructs a model of cooperative value creation in coalitions formed by non-cooperative search and matching

Author : Robert J. Aumann
Publisher : Bibliographisches Institut & F.A. Brockhaus AG
Page : 206 pages
File Size : 45,9 Mb
Release : 1981
Category : Business & Economics
ISBN : STANFORD:36105005531418

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Essays in Game Theory and Mathematical Economics in Honor of Oskar Morgenstern by Robert J. Aumann Pdf

Author : Nimrod Megiddo
Publisher : Springer Science & Business Media
Page : 209 pages
File Size : 42,5 Mb
Release : 2012-12-06
Category : Mathematics
ISBN : 9781461226482

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Essays in Game Theory by Nimrod Megiddo Pdf

This volume presents a collection of papers on game theory dedicated to Michael Maschler. Through his dedication and contributions to game theory, Maschler has become an important figure particularly in the area of cooperative games. Game theory has since become an important subject in operations research, economics and management science. As befits such a volume, the main themes covered are cooperative games, coalitions, repeated games, and a cost allocation games. All the contributions are authoritative surveys of a particular topic, so together they will present an invaluable overview of the field to all those working on game theory problems.

Author : Martin Shubik
Publisher : Princeton University Press
Page : 498 pages
File Size : 51,6 Mb
Release : 2015-12-08
Category : Business & Economics
ISBN : 9781400877386

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Essays in Mathematical Economics, in Honor of Oskar Morgenstern by Martin Shubik Pdf

Professor Morgenstern's deep interests in economic time series and problems of measurement are represented by path-breaking articles devoted to the application of modern statistical analysis to temporal economic data. Originally published in 1967. The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.

Author : Georges Zaccour
Publisher : The Rosen Publishing Group
Page : 244 pages
File Size : 50,5 Mb
Release : 2002-09-30
Category : Business & Economics
ISBN : 1402071531

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Optimal Control and Differential Games by Georges Zaccour Pdf

Optimal control and differential games continue to attract strong interest from researchers interested in dynamical problems and models in management science. This volume explores the application of these methodologies to new as well as to classical decision problems in management sciences and economics. In Part I, optimal control and dynamical systems approaches are used to analyze problems in areas such as monetary policy, pollution control, relationship marketing, drug control, debt financing, and ethical behavior. In Part II differential games are applied to problems such as oligopolistic competition, common resource management, spillovers in foreign direct investments, marketing channels, incentive strategies, and the computation of Markov perfect Nash equilibria. Optimal Control and Differential Games is an excellent reference for researchers and graduate students covering a wide range of emerging and revisited problems in management science.

Author : Bezalel Peleg,Peter Sudhölter
Publisher : Springer Science & Business Media
Page : 336 pages
File Size : 46,5 Mb
Release : 2007-08-15
Category : Business & Economics
ISBN : 9783540729457

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Introduction to the Theory of Cooperative Games by Bezalel Peleg,Peter Sudhölter Pdf

This book systematically presents the main solutions of cooperative games: the core, bargaining set, kernel, nucleolus, and the Shapley value of TU games as well as the core, the Shapley value, and the ordinal bargaining set of NTU games. The authors devote a separate chapter to each solution, wherein they study its properties in full detail. In addition, important variants are defined or even intensively analyzed.

Author : The late John F. Nash
Publisher : Edward Elgar Publishing
Page : 116 pages
File Size : 50,5 Mb
Release : 1996-01-01
Category : Business & Economics
ISBN : 1781956294

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Essays on Game Theory by The late John F. Nash Pdf

'This short volume is very welcome . . . Most importantly, on pages 32-33, the volume reprints as an appendix to the journal article based on Nash's Princeton doctoral dissertation on non-cooperative games a section of the thesis on "motivation and interpretation" that was omitted from the article. An editorial note remarks mildly that "The missing section is of considerable interest". This section, not available in any other published source, makes the present volume indispensable for research libraries . . . Nash's Essays on Game Theory, dating from his years as a Princeton graduate student . . . has a lasting impact on economics and related fields unmatched by any series of articles written in such a brief time . . . To economists, his name will always bring to mind his game theory papers of the early 1950s. It is good to have these conveniently reprinted in this volume.' - Robert W. Dimand, The Economic Journal 'The news that John Nash was to share the 1994 Nobel Prize for Economics with John Harsanyi and Reinhard Selten was doubly welcome. It signalled not only that the brilliant achievements of his youth were to be recognized in a manner consistent with their significance, but that the long illness that clouded his later years had fallen into remission. I hope that this collection of his economic papers will serve as another reminder that John Nash has rejoined the intellectual community to which he has contributed so much.' - From the introduction by Ken Binmore Essays on Game Theory is a unique collection of seven of John Nash's essays which highlight his pioneering contribution to game theory in economics. Featuring a comprehensive introduction by Ken Binmore which explains and summarizes John Nash's achievements in the field of non-cooperative and cooperative game theory, this book will be an indispensable reference for scholars and will be welcomed by those with an interest in game theory and its applications to the social sciences.

Author : Gerard Debreu,Wilhelm Neuefeind,Walter Trockel
Publisher : Springer Science & Business Media
Page : 363 pages
File Size : 40,7 Mb
Release : 2013-04-17
Category : Business & Economics
ISBN : 9783662046234

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Economics Essays by Gerard Debreu,Wilhelm Neuefeind,Walter Trockel Pdf

Back in the good old days on the fourth floor of the Altbau of Bonn's Ju ridicum, Werner Hildenbrand put an end to a debate about a festschrift in honor of an economist on the occasion of his turning 60 with a laconic: "Much too early." Remembering his position five years ago, we did not dare to think about one for him. But now he has turned 65. If consulted, he would most likely still answer: "Much too early." However, he has to take his official re tirement, and we believe that this is the right moment for such an endeavor. No doubt Werner Hildenbrand will not really retire. As professor emeritus, free from the constraints of a rigid teaching schedule and the burden of com mittee meetings, he will be able to indulge his passions. We expect him to pursue, with undiminished enthusiasm, his research, travel, golfing, the arts, and culinary pleasures - escaping real retirement.

Author : Julian Nida-Rümelin
Publisher : Springer
Page : 134 pages
File Size : 45,7 Mb
Release : 2019-05-24
Category : Philosophy
ISBN : 9783319955070

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Structural Rationality and Other Essays on Practical Reason by Julian Nida-Rümelin Pdf

In this book, the author shows that it is necessary to enrich the conceptual frame of the theory of rational choice beyond consequentialism. He argues that consequentialism as a general theory of rational action fails and that this does not force us into the dichotomy teleology vs deontology. The unity of practical reason can be saved without consequentialism. In the process, he presents insightful criticism of standard models of action and rational choice. This will help readers discover a new perspective on the theory of rationality. The approach is radical: It transcends the reductive narrowness of instrumental rationality without denying its practical impact. Actions do exist that are outlined in accordance to utility maximizing or even self-interest maximizing. Yet, not all actions are to be understood in these terms. Actions oriented around social roles, for example, cannot count as irrational only because there is no known underlying maximizing heuristic. The concept of bounded rationality tries to embed instrumental rationality into a form of life to highlight limits of our cognitive capabilities and selective perceptions. However, the agent is still left within the realm of cost-benefit-reasoning. The idea of social preferences or meta-preferences cannot encompass the plurality of human actions. According to the author they ignore the plurality of reasons that drive agency. Hence, they coerce agency in fitting into a theory that undermines humanity. His theory of structural rationality acknowledges lifeworld patterns of interaction and meaning.

Author : Michael Bacharach
Publisher : CRC Press
Page : 177 pages
File Size : 53,5 Mb
Release : 2019-09-18
Category : Mathematics
ISBN : 9780429728099

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Economics and the Theory of Games by Michael Bacharach Pdf

This textbook offers a systematic, self-contained account of the main contributions of modern game theory and its applications to economics. Starting with a detailed description of how to model strategic situations, the discussion proceeds by studying basic solution concepts, their main refinements, games played under incomplete information, and repeated games. For each of these theoretical developments, there is a companion set of applications that cover the most representative instances of game-theoretic analysis in economics, e.g. oligopolistic competition, public goods, coordination failures, bargaining, insurance markets, implementation theory, signaling and auctions. The theory and applications covered in the first part of the book fall under the so-called 'classical' approach to game theory, which is founded on the paradigm of players' unlimited rationality. The second part shifts towards topics that no longer abide by that paradigm. This leads to the study of topics such as the interplay between evolution and rationality.

Author : Reinhard Neck,Christian Richter,Peter Mooslechner
Publisher : Springer Science & Business Media
Page : 386 pages
File Size : 54,8 Mb
Release : 2008-03-04
Category : Political Science
ISBN : 9783540746843

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Quantitative Economic Policy by Reinhard Neck,Christian Richter,Peter Mooslechner Pdf

Econometric techniques and models are still being extensively used in the business of forecasting and policy advice. This book presents recent advances in the theory and applications of quantitative economic policy, with particular emphasis on fiscal and monetary policies in a European and global context. The volume honors Andrew Hughes Hallett, a pioneer and major scientist in quantitative economic policy analysis, whose contributors are among his friends and former students.

Author : Eitan Altmann,Odile Pourtallier
Publisher : Springer Science & Business Media
Page : 343 pages
File Size : 47,7 Mb
Release : 2012-12-06
Category : Mathematics
ISBN : 9781461201557

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Advances in Dynamic Games and Applications by Eitan Altmann,Odile Pourtallier Pdf

Game theory is a rich and active area of research of which this new volume of the Annals of the International Society of Dynamic Games is yet fresh evidence. Since the second half of the 20th century, the area of dynamic games has man aged to attract outstanding mathematicians, who found exciting open questions requiring tools from a wide variety of mathematical disciplines; economists, so cial and political scientists, who used game theory to model and study competition and cooperative behavior; and engineers, who used games in computer sciences, telecommunications, and other areas. The contents of this volume are primarily based on selected presentation made at the 8th International Symposium of Dynamic Games and Applications, held in Chateau Vaalsbroek, Maastricht, the Netherlands, July 5-8, 1998; this conference took place under the auspices of the International Society of Dynamic Games (ISDG), established in 1990. The conference has been cosponsored by the Control Systems Society of the IEEE, IFAC (International Federation of Automatic Con trol), INRIA (Institute National de Recherche en Informatique et Automatique), and the University of Maastricht. One ofthe activities of the ISDG is the publica tion of the Annals. Every paper that appears in this volume has passed through a stringent reviewing process, as is the case with publications for archival journals.