Subgame Consistent Economic Optimization (BOK)

Leon A. Petrosyan, David W.K. Yeung

699,00 69900
Sendes vanligvis innen 7-15 dager
Various imperfections in existing market systems prevent the free market from serving as a truly efficient allocation mechanism, but optimization of economic activities provides an effective remedial measure. Cooperative optimization claims that socially optimal and individually rational solutions to decision problems involving strategic action over time exist. To ensure that cooperation will last throughout the agreement period, however, the stringent condition of subgame consistency is required. This textbook presents a study of subgame consistent economic optimization, developing game-theoretic optimization techniques to establish the foundation for an effective policy menu to tackle the suboptimal behavior that the conventional market mechanism fails to resolve.


Språk Engelsk Engelsk Innbinding Innbundet
Utgitt 2011 Forfatter David W.K. Yeung, Leon A. Petrosyan
ISBN 9780817682613
Antall sider 380 Dimensjoner 15,6cm x 23,4cm x 2,3cm
Vekt 752 gram Leverandør Bertram Trading Ltd
Emner og form Econometrics, Optimization

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