Titlebook: Durable-Strategies Dynamic Games; Theory, Solution Tec David W. K. Yeung,Leon A. Petrosyan Textbook 2022 The Editor(s) (if applicable) and

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Durable-Strategies Cooperative Dynamic Games,yoffs and the state dynamics. Drawing attention to non-cooperative behaviors among participants would, in general, lead to an outcome which is not Pareto optimal, cooperative solutions satisfying Pareto optimality and individual rationality are explored. To guarantee that the participants would not

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Eco-Degradation Management Under Durable Strategies: Efficiency Maximization and Sustainable Imputaaximization by individual agents or nations leads to environmental degradation that would destroy the environmental conditions for the existence of humankind. Unilateral response of a single nation or region deems to be ineffective in providing a viable solution. To reflect the extent of non-coopera

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Random Horizon Dynamic Games with Durable Strategies,orizon. In the presence of durable strategies and random horizon, significant modification of the dynamic optimization techniques is required to accommodate these phenomena. An alternative dynamic optimization theorem is developed and a set of equations characterizing a non-cooperative game equilibr

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Asynchronous Horizons Durable-Strategies Dynamic Games,cial activities, the participants’ game horizons differ because of different life spans, different entry and exit times, different terms of office and the different durations of leases. The non-cooperative equilibrium is characterized and an illustrative example is provided. Yeung and Petrosyan then

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Textbook 2022ed goods, regulatory measures, coalition agreements, diffusion of knowledge, advertisement and investments to accumulate physical capital are concrete and common examples of durable strategies. This book provides an augmentation of dynamic game theory and advances a new game paradigm with durable st

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Difficult Questions to Structureeal-life problems but also establishes a new theoretical framework with novel optimization theory, solution concepts, and mathematical game techniques. Yeung and Petrosyan also present meaningful extensions with random termination, asynchronous horizons, and stochastic impacts.

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Why Decision Analysis Is the Right Solution have no such motion equations. To characterize the game equilibrium solution, Yeung and Petrosyan develop the corresponding Hamilton–Jacobi-Bellman (HJB) equations. To illustrative the computational details, an example with explicit functions is presented.

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Difficult Questions to Structured payment obligations incurred from previous debt-financed projects. It is a more realistic valuation theory of the firm compared to the conventional paradigm which is mainly calibrated by existing capital stocks.

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WCOM (World Class Operations Management) that environmental degradation and pollution could continue to build up even industrial pollution has completely stopped. Persistent escalating damages to the ecosystems could become a normal outcome for a long period of time.