A 2-Person Non-Zero-Sum Game Model of the World Oil Market.

Abstract

The world oil market is modelled as a 2-person non-zero-sum game in normal form. The two players are the oil importing nations and the oil exporting nations. The solution of the game is investigated in the noncooperative sense using the Nash's equilibrium point concept and in the cooperative sense using von Neumann and Morgenstern's negotiation set and Nash's bargaining point solution.

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Document Details

Document Type
Technical Report
Publication Date
Aug 01, 1977
Accession Number
ADA045613

Entities

People

  • Prakash P. Shenoy

Organizations

  • Cornell University College of Engineering

Tags

DTIC Thesaurus Topics

  • Bargaining
  • Cooperative Games
  • Domestic
  • Engineering
  • Fission
  • Industrial Engineering
  • Investments
  • Materials
  • Military Research
  • Money
  • Negotiations
  • New York
  • Operations Research
  • Production
  • Shale Oil
  • United States
  • Zero-Sum Games

Readers

  • Economics
  • Game Theory.