{"product_id":"9780817682613","title":"Static \u0026 Dynamic Game Theory: Foundations \u0026 Applications: An Advanced Cooperative Dynamic Game Analysis","description":"\u003ch1\u003eStatic \u0026amp; Dynamic Game Theory: Foundations \u0026amp; Applications: An Advanced Cooperative Dynamic Game Analysis\u003c\/h1\u003e \u003ch2\u003eYeung, David W.K.; Petrosyan, Leon A.\u003c\/h2\u003e \u003cp\u003e\u003c\/p\u003e\u003cp\u003eVarious imperfections in existing market systems prevent the free market from serving as a truly efficient allocation mechanism, but optimization of economic activities provides an effective remedial measure. Cooperative optimization claims that socially optimal and individually rational solutions to decision problems involving strategic action over time exist. To ensure that cooperation will last throughout the agreement period, however, the stringent condition of subgame consistency is required.\u003c\/p\u003e\u003cp\u003eThis textbook presents a study of subgame consistent economic optimization, developing game-theoretic optimization techniques to establish the foundation for an effective policy menu to tackle the suboptimal behavior that the conventional market mechanism fails to resolve.\u003c\/p\u003e \u003ch3\u003eDetails\u003c\/h3\u003e \u003cp\u003ePublished by: Birkhäuser\u003c\/p\u003e \u003cp\u003ePublication Date: 2011-12-06\u003c\/p\u003e \u003cp\u003eFormat: Hardcover\u003c\/p\u003e \u003cp\u003eISBN-13: 9780817682613\u003c\/p\u003e \u003cp\u003eDOI: 10.1007\/978-0-8176-8262-0\u003c\/p\u003e \u003cp\u003eDimensions: 235cm x155cm\u003c\/p\u003e \u003cp\u003ePages: 395\u003c\/p\u003e ","brand":"Birkhäuser Boston","offers":[{"title":"Default Title","offer_id":45605584896140,"sku":"9780817682613","price":49.49,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0710\/9545\/1788\/files\/9780817682613.jpg?v=1775816405","url":"https:\/\/fh90cf-fv.myshopify.com\/products\/9780817682613","provider":"Late Knight Books and Services, LLC","version":"1.0","type":"link"}