Equilibria in Dynamic Multicriteria Games

Anna Rettieva ()
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Anna Rettieva: Institute of Applied Mathematical Research, Karelian Research Centre of RAS, Pushkinskaya str., 11, Petrozavodsk 185910, Russia

International Game Theory Review (IGTR), 2017, vol. 19, issue 01, 1-21

Abstract: Mathematical models involving more than one objective seem more adherent to real problems. Often players have more than one goal which are often not comparable. These situations are typical for game-theoretic models in economic and ecology. In this paper, new approaches to construct equilibria in dynamic multicriteria games are constructed. We consider a dynamic, discrete-time, game model where the players use a common resource and have different criteria to optimize. First, we construct the guaranteed payoffs in a several ways. Then, we find an equilibrium as a solution of a Nash bargaining scheme with the guaranteed payoffs playing the role of status quo points. The obtained equilibrium, called a multicriteria Nash equilibrium, gives a possible solution concept for dynamic multicriteria games.

Keywords: Dynamic games; multicriteria games; Nash bargaining solution (search for similar items in EconPapers)
Date: 2017
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Citations: View citations in EconPapers (8)

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DOI: 10.1142/S0219198917500025

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