Strategic behavior and noncooperative hierarchical control

Article Abstract:

The relationship between strategic behavior and noncooperative hierarchical control was investigated using a class of econometric models. To this end, two unique cases of a nonlinear differential game with state variable alpha, namely, a redistribution controlled game and a Pareto controlled game, were considered to analyze the control objective of establishing cooperation between players to maximize efficiency. The models were shown to be capable of describing hierarchical situations where a coordinator utilizes a given decision rule to attain some given control objective.

Econometrics & Model Building, Decision-making, Decision making, Econometrics, Cooperation (Economics), Cooperation, Business models

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Computing Nash equilibria by ierated polymatrix approximation

Article Abstract:

A new algorithm for computing Nash equilibria of N-player games is developed which is approximated by a sequence of polymatrix games.

Games of strategy (Mathematics)

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