A TIME-CONSISTENT SOLUTION FORMULA FOR BARGAINING PROBLEM IN DIFFERENTIAL GAMES

Leon A. Petrosyan () and David W. K. Yeung ()
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Leon A. Petrosyan: Faculty of Applied Mathematics-Control Processes, St Petersburg State University, St Petersburg, 198904, Russia
David W. K. Yeung: Center of Game Theory, St Petersburg State University, St Petersburg, 198904, Russia;

International Game Theory Review (IGTR), 2014, vol. 16, issue 04, 1-11

Abstract: This paper presents a solution formula for the payoff distribution procedure of a bargaining problem in cooperative differential game that would lead to a time consistent outcome. In particular, individual rationality is satisfied for every player throughout the cooperation period.

Keywords: Differential games; time consistency; bargaining problem; 49N70; 91A12 (search for similar items in EconPapers)
JEL-codes: B4 C0 C6 C7 D5 D7 M2 (search for similar items in EconPapers)
Date: 2014
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Citations: View citations in EconPapers (1)

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DOI: 10.1142/S0219198914500169

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