Cooperative Stochastic Differential Games

This book delivers a significant breakthrough in the study of cooperative stochastic differential games. In particular, a generalized theorem for the derivation of analytically tractable "payoff distribution procedure" of subgame consistent solution is presented. Being capable of deriving analytical tractable solutions, the work is not only theoretically interesting but would enable the hitherto intractable problems in cooperative stochastic differential games to be fruitfully explored. Currently, this book is the first ever volume devoted to cooperative stochastic differential games. It aims to provide its readers an effective tool to analyze cooperative arrangements of conflict situations with uncertainty over time. Cooperative game theory has succeeded in offering many applications of game theory in operations research, management, economics, politics and other disciplines. The book should be of interest to game theorists, mathematicians, economists, policy-makers, corporate planners and graduate students.

First ever volume devoted to cooperative stochastic differential games Detailed illustrations Exercises at the ends of chapters/sections Includes supplementary material: sn.pub/extras

Contenu
Deterministic and Stochastic Differential Games.- Cooperative Differential Games in Characteristic Function Form.- Two-person Cooperative Differential Games with Discounting.- Two-person Cooperative Stochastic Differential Games.- Multiplayer Cooperative Stochastic Differential Games.- Cooperative Stochastic Differential Games with Nontransferable Payoffs.