title: Time-consistency of cooperative solutions
metadata.name: dc.contributor.author
metadata.value: Zenkevich, Nikolay A.
metadata.name: dc.contributor.author
metadata.value: Petrosjan, Leon A.
metadata.name: dc.date.accessioned
metadata.value: 2014-03-04T12:42:20Z
metadata.name: dc.date.accessioned
metadata.value: 2014-03-17T05:42:25Z
metadata.lang: -
metadata.name: dc.date.available
metadata.value: 2014-03-04T12:42:20Z
metadata.name: dc.date.available
metadata.value: 2014-03-17T05:42:25Z
metadata.lang: -
metadata.name: dc.date.issued
metadata.value: 2006
metadata.name: dc.identifier.uri
metadata.value: http://hdl.handle.net/11701/815
metadata.name: dc.identifier.uri
metadata.value: http://hdl.handle.net/11701/815
metadata.lang: -
metadata.name: dc.description.abstract
metadata.value: Management in complex social and economics networks includes elements of cooperative behavior or full cooperation between agents involved in decision making process. The most appropriate mathematical tool for modeling in this case is the mathematical theory of cooperative games. Unfortunately the classical cooperative game theory considers cooperation as one-shot interaction between the decision makers and for this reason can not be used for modeling of dynamic interactions arising in long term strategic management. The theory of cooperative differential games is the most adequate tool for modeling strategic management development on a given time interval. The use of this theory from the beginning poses the problems connected with dynamic stability (time-consistency) of optimal cooperative solutions. The consideration of optimality principles taken from the classical cooperative game theory shows the time-inconsistency and thus non applicability of these principles in strategic management. In this paper the methods of construction of time consistent solutions is proposed for the problems of strategic management in social and economic networks. The authors tried to present a rather complicated material on acceptable level. Theory is illustrated with a number of examples and a more comprehensive analysis of joint venture.
metadata.lang: ru
metadata.name: dc.language.iso
metadata.value: English
metadata.lang: ru
metadata.name: dc.publisher
metadata.value: Graduate School of Management, Saint Petersburg State University
metadata.name: dc.relation.ispartofseries
metadata.value: Discussion Paper; #20 (E)-2006
metadata.name: dc.title
metadata.value: Time-consistency of cooperative solutions
metadata.lang: ru
metadata.name: dc.type
metadata.value: Working Paper
metadata.lang: ru
metadata.name: dc.contributor.altauthor
metadata.value: Зенкевич, Н. А.
metadata.name: dc.contributor.altauthor
metadata.value: Петросян, Л. А.
resources.filename: 20(E)_2006.pdf
resources.url: https://dspace.spbu.ru/bitstream/11701/815/1/20%28E%29_2006.pdf
resources.format: Adobe PDF
resources.size: 360,37 kB