Subgame Consistent Economic Optimization is popular PDF and ePub book, written by David W.K. Yeung in 2011-12-06, it is a fantastic choice for those who relish reading online the Mathematics genre. Let's immerse ourselves in this engaging Mathematics book by exploring the summary and details provided below. Remember, Subgame Consistent Economic Optimization can be Read Online from any device for your convenience.
Subgame Consistent Economic Optimization Book PDF Summary
Various imperfections in existing market systems prevent the free market from serving as a truly efficient allocation mechanism, but optimization of economic activities provides an effective remedial measure. Cooperative optimization claims that socially optimal and individually rational solutions to decision problems involving strategic action over time exist. To ensure that cooperation will last throughout the agreement period, however, the stringent condition of subgame consistency is required. This textbook presents a study of subgame consistent economic optimization, developing game-theoretic optimization techniques to establish the foundation for an effective policy menu to tackle the suboptimal behavior that the conventional market mechanism fails to resolve.
Detail Book of Subgame Consistent Economic Optimization PDF
- Author : David W.K. Yeung
- Release : 06 December 2011
- Publisher : Springer Science & Business Media
- ISBN : 9780817682613
- Genre : Mathematics
- Total Page : 403 pages
- Language : English
- PDF File Size : 10,9 Mb
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