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Mathematics - Applications | Subgame Consistent Economic Optimization - An Advanced Cooperative Dynamic Game Analysis (Reviews)

Subgame Consistent Economic Optimization

An Advanced Cooperative Dynamic Game Analysis

Yeung, David W.K., Petrosyan, Leon A.

2012, XVI, 395p. 2 illus..

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From the reviews:

Advance praise for Subgame Consistent Economic Optimization:

The text is truly a world-leading treatise in the field of dynamically consistent economic optimization and a Russian classic in mathematics and economics. It is a timely publication to tackle the increasingly crucial issues of consistency and dynamic stability in collaborative activities in the economic arena. The elegant mathematics developed by the authors and their [useful] applications in economics are prevalent in the analysis. The text expanded L. V. Kantorovich’s award-winning work in economic optimization significantly in the new directions of game-theoretic interaction, dynamic evolution, stochasticity, and subgame consistency. 

Vladimir Mazalov, Director of Karelian Institute of Applied Mathematical Research, Russian Academy of Sciences

“The book is a comprehensive treatise on subgame consistent economic optimization. It is an important methodological contribution to the research on consistency and dynamic stability of cooperative strategies, developed originally by the authors. … The book is well organized and clear; moreover, it provides an extensive reference list to the relevant economic differential game literature.” (Bruno Viscolani, Mathematical Reviews, January, 2013)

 

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