SUSTAINABILITY OF COOPERATION OVERTIME IN LINEAR-QUADRATIC DIFFERENTIAL GAMES

Author:

JØRGENSEN STEFFEN1,MARTÍN-HERRÁN GUIOMAR2,ZACCOUR GEORGES3

Affiliation:

1. Department of Organization, University of Southern Denmark, Denmark

2. Departamento de Economía Aplicada (Matemáticas), Universidad de Valladolid, Spain

3. GERAD & Marketing Department, HEC Montréal, Canada

Abstract

This note deals with time-consistency and agreeability, two dynamic individual rationality concepts, in special linear-quadratic differential games. Conditions ensuring their satisfaction are derived and a link between sustainability of cooperation and fair sharing of cooperation surplus is established.

Publisher

World Scientific Pub Co Pte Lt

Subject

Statistics, Probability and Uncertainty,Business and International Management,General Computer Science

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