David W K Yeung: 2 books
Subgame Consistent Economic Optimization
An Advanced Cooperative Dynamic Game Analysis
Language: English
Release Date: December 7, 2011
Various 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...
Subgame Consistent Cooperation
A Comprehensive Treatise
Language: English
Release Date: September 23, 2016
Strategic behavior in the human and social world has been increasingly recognized in theory and practice. It is well known that non-cooperative behavior could lead to suboptimal or even highly undesirable outcomes. Cooperation suggests the possibility of obtaining socially optimal solutions and the...