Discrete Time Stochastic Control and Dynamic Potential Games: The Euler Equation Approach

Hernandez Lerma, Onesimo

ISBN 10: 3319010581 / ISBN 13: 9783319010588

Editore: Springer 2013-10, 2013

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Titolo: Discrete Time Stochastic Control and Dynamic...

Casa editrice: Springer 2013-10

Data di pubblicazione: 2013

Legatura: PF

Condizione: New

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Riassunto:

?There are several techniques to study noncooperative dynamic games, such as dynamic programming and the maximum principle (also called the Lagrange method). It turns out, however, that one way to characterize dynamic potential games requires to analyze inverse optimal control problems, and it is here where the Euler equation approach comes in because it is particularly well–suited to solve inverse problems. Despite the importance of dynamic potential games, there is no systematic study about them. This monograph is the first attempt to provide a systematic, self–contained presentation of stochastic dynamic potential games.

L'autore:

David Gonzalez–Sanchez is Assistant Professor at ITAM Mathematics Department,Mexico City, Mexico.Onesimo Hernandez–Lerma is Professor and Chair, CINVESTAV–IPN MathematicsDepartment, Mexico City, Mexico.