Search

This book is an important and innovative addition to textbooks in game theory. It provides a detailed discourse on the extension of two of the world's most prominent cooperative game solutions – the seminal Shapley value in games with transferrable payoffs and the classic Nash bargaining scheme in games with non-transferrable payoffs – to a dynamic framework. The extension of these two classic cooperative solution concepts into a dynamic setting is not just of theoretical interest, but also allows many real-life cooperation situations – like global environmental management, nuclear disarmament, disease control, trade disputes and political unions – to be analyzed in an effective way. This book provides: (i) A compendium of dynamic optimization techniques used in its analysis; (ii) a detailed disquisition on cooperative dynamic consistency; (iii) the extension of the Shapley Value to a dynamic framework; (iv) the establishment of a dynamic Nash bargaining paradigm; and (v) the incorporation of stochastic elements into the analyses. Interesting solvable examples are provided to illustrate the practicality and applicability of the dynamic Shapley value and dynamic Nash bargaining scheme in dynamic cooperation.

After several decades of rapid technological advancement and economic growth, alarming levels of pollution and catastrophe-bound environmental degradations are emerging all over the world. Even sizable reduction in industrial pollutant emissions would only slow down the accumulation of pollution. Given the complexity of the problem and the over-simplicity of international environmental initiatives (like the Kyoto Protocol, Montreal Protocol and Paris Agreement, which focused mainly on emissions'reduction and regulations), limited success has been observed. The design of a comprehensive solution for solving this globally devastating problem is very much in order. Research in developing environmentally clean technology into efficient and affordable means of production plays a key role to effectively solving the continual worsening global industrial pollution problem and meeting the industrial growth needs. An essential element for success is that the participating nations'well-being must not be worse than their non-cooperative well-being throughout the cooperation duration. In addition, for the cooperative scheme to be sustainable, the agreed-upon optimality principle in sharing the cooperative benefits must be upheld at every stage of the cooperation plan – this condition is known as subgame consistency. This book provides an effective means for resolving the catastrophe-bound environmental problem through a Building Environmentally Sustainable Technology with Subgame Consistent, Optimal, Rational and Economically-viable Scheme (BEST SCORES). In particular, the solution scheme involves: (i) A set of policy instruments which includes levies on industrial pollution, royalties on natural resources, coordinated pollutant abatement efforts, cooperative development of clean technology, and transfer payments leading to an optimal cooperation solution. (ii) Joint development of environmentally sustainable technology and an optimal technology pattern over time. (iii) A cooperative maximization program yielding the optimal (highest) joint payoff. (iv) An economically viable scheme for each participating nation with a cooperative payoff higher than its non-cooperative payoff through transfer payments. (v) A subgame consistent payoff distribution procedure, which ensures that the original agreed upon optimality principle in gain sharing will be maintained. (vi) An institutional mechanism design to guide the construction of relevant institutions and agencies to implement the cooperative scheme.

Rational use of natural resources has gained importance in the last several years. Solving this actual problem in terms of national economy suggests developing non-waste technologies based on the complex use of raw materials. Such an approach simultaneously solves the problem of waste accumulation and avoids ecological damage. The term “industrial waste” itself becomes conditional for most material products, making them valuable and even scarce raw materials. At the same time, many industrial and municipal waste products that have big practical interest are still not investigated enough for different reasons. From this viewpoint, the possible popularization of using these waste products may be achieved. There are many publications concerned with using industrial waste products, including building materials production. However, in our opinion, preparing a book that summarizes general approaches still remains to be published. The present book deals with the main directions in using industrial and municipal waste products for producing effective construction materials; it reflects the ways for saving material and energetic resources by using mineral and organic raw materials. Efficiency of using traditional and new building materials based on secondary products (like metallurgy slags, ash and slag of power stations, etc.) is analyzed. Finally, the main technological parameters for using waste products of different industries are given, while various technical and economical features are presented.

Economics is a science which studies human behaviours as a relationship between ends and scarce means which have alternative uses. Since economic resources are scarce, optimization forms an integral part in the study of economics. In addition, in the presence of imperfect market structure, externalities, imperfect information or public goods, the market fails to provide an efficient allocation mechanism. Optimization of economic activities provides an effective remedial measure for market failures. This contributed volume collects advances in the studies of economics and optimization. Contributions cover areas on analysis of optimal allocation of economic resources, economic optimization techniques, the interface economics and optimization, optimization under market mechanism and history of development of optimization techniques. The studies assembled in this volume are dedicated to the memory of a pioneering researcher and Nobel Laureate in the field of economic optimization – Leonid Vitalyevich Kantorovich. In his 100th birthday tribute in 2012, the International Conference Mathematics, Economic, Management: Kantorovich-100 in St-Petersburg was held in his memory. Selected papers from the conference are included in this Volume. In addition, contributed papers from authors who had worked closely with Kantorovich are also contained. The volume reflects the breath of the impact of Kantorovich's work on the development of economic optimization and resource allocation. The contributed studies are authored by researchers who have notable contributions in the field including some scholars who had worked with Kantorovich, his students and followers. The contributors include J. Romanovsky, V. Makarov, A. Vershik, S. Bushanskiy, E. Vasilieva, V. Livchits, A. Filippova, Ju. Valiakhmetova, A. Voronin, V. Kuznetsov, A. Matsumoto, H. Qiao, F. Szidarovszky, D. Yeung, L. Petrosyan, L. Bregman, N. Naumova, T. Abramovskaya, A.Prasolov, V.Shmyrev, V. Fedorov L. Losin, N. Krivulin, G. Shepelev and V. Zhiyanov. The volume is an advanced research source in the fields of economics, optimization methodology and their interface. Its intended readers include academics, researchers, post-graduate students, policy-makers and business planners.

This book brings together papers of well-known specialists in game theory and adjacent problems. It presents the basic results in dynamic games, stochastic games, applications of game theoretical methods in ecology and economics and methodological aspects of game theory. Special attention was given to problems in dynamic games under partial information and to the development of numerical methods for high-dimensional games (there is an increasing focus on this arena as recent theory is leading to solution methods for problems which were heretofore quite intractable). The interdisciplinary aspects touched upon were related to dynamical systems via replicator dynamics, with probability (measure-valued processes), statistical mechanics (kinetic equation, non-equilibrium behaviour) and max-plus (tropical or idempotent) mathematics. In this volume, we publish the review of Martin Shubik (The Present and Future of Game Theory) and the contributions presenting extending versions of the talks given at the workshop'Game Theory for Finance, Social and Biological Sciences', held in Warwick 14-17 of April 2010. The conference was exclusively marked by a rare natural event: the eruption of an Icelandic volcano Eyjafjallajökull, which blocked the functioning of most of the airlines, turning the return trip into an adventurous enterprise for many participants.

This book brings together papers of well-known specialists in game theory and adjacent problems. It presents the basic results in dynamic games, stochastic games, applications of game theoretical methods in ecology and economics and methodological aspects of game theory.

This new volume brings together papers of well-known specialists in game theory and adjacent problems. It presents the basic results in dynamic games, stochastic games, applications of game theoretical methods in ecology and economics and the methodological aspects of game theory.