Discrete Time Stochastic Control and Dynamic Potential Games: The Euler Equation Approach

Hernandez Lerma, Onesimo

ISBN 10: 3319010581 / ISBN 13: 9783319010588

Published by Springer 2013-10, 2013

About this Item

Seller Inventory # 6666-IUK-9783319010588

Bibliographic Details

Title: Discrete Time Stochastic Control and Dynamic...

Publisher: Springer 2013-10

Publication Date: 2013

Binding: PF

Condition: New

About this title

Synopsis:

There are several techniques to study noncooperative dynamic games, such as dynamic programming and the maximum principle (also called the Lagrange method). It turns out, however, that one way to characterize dynamic potential games requires to analyze inverse optimal control problems, and it is here where the Euler equation approach comes in because it is particularly well-suited to solve inverse problems. Despite the importance of dynamic potential games, there is no systematic study about them. This monograph is the first attempt to provide a systematic, self-contained presentation of stochastic dynamic potential games.

About the Author:

David Gonzalez–Sanchez is Assistant Professor at ITAM Mathematics Department, Mexico City, Mexico. Onesimo Hernandez–Lerma is Professor and Chair, CINVESTAV–IPN Mathematics Department, Mexico City, Mexico.