Moving Information Horizon Approach for Dynamic Game Models

Ovanes Petrosian, Lihong Shi, Yin Li and Hongwei Gao
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Ovanes Petrosian: School of Automation, Qingdao University, Qingdao 266071, China
Lihong Shi: Digital Workplace Product Technology Department, Huawei, Shenzhen 518000, China
Yin Li: Faculty of Applied Mathematics and Control Processes, St. Petersburg State University, Universitetskiy Prospekt, 35, Petergof, 198504 St. Petersburg, Russia
Hongwei Gao: School of Mathematics and Statistics, Qingdao University, Qingdao 266071, China

Mathematics, 2019, vol. 7, issue 12, 1-31

Abstract: In the paper, a new class of dynamic game models with a moving information horizon or dynamic updating is studied. In this class of games, players do not have full information about the game structure (motion equations, payoff functions) on the interval on which the game is defined. It is supposed that the players at each stage of the dynamic game have only truncated information about the game structure defined by the information horizon. Cooperative and noncooperative settings are considered in the paper. Results are illustrated using the oligopoly advertising game model, and comparison between the solution in the initial game model and in the game model with moving information horizon is presented. Simulation results are presented.

Keywords: looking forward approach; dynamic updating; moving information horizon; dynamic marketing model; advertising competition; time consistency; simulation (search for similar items in EconPapers)
JEL-codes: C (search for similar items in EconPapers)
Date: 2019
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