A Markovian Mechanism of Proportional Resource Allocation in the Incentive Model as a Dynamic Stochastic Inverse Stackelberg Game

Author:

Belyavsky Grigory,Danilova Natalya,Ougolnitsky Guennady

Abstract

This paper considers resource allocation among producers (agents) in the case where the Principal knows nothing about their cost functions while the agents have Markovian awareness about his/her strategies. We use a dynamic setup of the stochastic inverse Stackelberg game as the model. We suggest an algorithm for solving this game based on Q-learning. The associated Bellman equations contain functions of one variable for the Principal and also for the agents. The new results are illustrated by numerical examples.

Funder

Russian Science Foundation

Publisher

MDPI AG

Subject

General Mathematics,Engineering (miscellaneous),Computer Science (miscellaneous)

Reference38 articles.

1. Marktform und Gleichgewicht;Von Stackelberg,1934

2. Phenomena in Inverse Stackelberg Games, Part 1: Static Problems

3. Phenomena in Inverse Stackelberg Games, Part 2: Dynamic Problems

4. The Theory of Incentives: The Principal-Agent Model;Laffont,2002

5. Theory of Control in Organizations;Novikov,2013

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