A Dynamic Solution Concept for Abstract Games.

Abstract

Several solution concepts have been defined for abstract games. Some of these are the core due to Gillies and Shapley, the von Neumann-Morgenstern stable sets due to von Neumann and Morgenstern, and the subsolutions due to Roth. These solutions concepts are rather static in nature. This paper proposes a new solution concept for abstract games called the dynamic solution that reflects the dynamic aspects of negotiation among players. Some properties of the dynamic solutions are studied. Also, the dynamic solution of abstract games arising from n-person cooperative games in characteristic function form is investigated.

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Document Details

Document Type
Technical Report
Publication Date
Nov 01, 1977
Accession Number
ADA049383

Entities

People

  • Prakash P. Shenoy

Organizations

  • University of Wisconsin–Madison

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Communities of Interest

  • Air Platforms

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  • Abstracts
  • Classification
  • Cooperative Games
  • Game Theory
  • Markov Chains
  • Mathematical Analysis
  • Mathematics
  • Military Research
  • North Carolina
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  • United States
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  • Wisconsin

Fields of Study

  • Economics
  • Mathematics

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  • Game Theory.