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Theory and Applications of Dynamic Games: A Course on Noncooperative and Cooperative Games Played Over Event Trees

Theory and Applications of Dynamic Games: A Course on Noncooperative and Cooperative Games Played Over Event Trees

Paperback

Series: Theory and Decision Library C, Book 51

Business GeneralGeneral Mathematics

ISBN10: 3031164571
ISBN13: 9783031164576
Publisher: Springer Nature
Published: Nov 24 2023
Pages: 259
Weight: 0.86
Height: 0.58 Width: 6.14 Depth: 9.21
Language: English

This textbook provides a comprehensive overview of noncooperative and cooperative dynamic games involving uncertain parameter values, with the stochastic process being described by an event tree. Primarily intended for graduate students of economics, management science and engineering, the book is self-contained, as it defines and illustrates all relevant concepts originally introduced in static games before extending them to a dynamic framework. It subsequently addresses the sustainability of cooperative contracts over time and introduces a range of mechanisms to help avoid such agreements breaking down before reaching maturity. To illustrate the concepts discussed, the book provides various examples of how dynamic games played over event trees can be applied to environmental economics, management science, and engineering.

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