Solution of mathematical programming formulations of subgame perfect equilibrium problems
Description:
Mathematical programming models have been developed to represent imperfectly competitive (oligopolistic) market structures and the interdependencies of decision-making units in establishing prices and production levels. The solution of these models represents an economic equilibrium. A subgame perfect equilibrium formulation explicitly considers that each agent`s strategies depend on the current state of the system; the state depends solely on previous decisions made by the economic agents. The…
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Date:
February 12, 1992
Creator:
Macal, C. M. & Hurter, A. P.
Item Type:
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Report
Partner:
UNT Libraries Government Documents Department