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Time consistent cooperative solutions for multistage games with vector payoffs

Operations Research Letters. 2017. Vol. 45. No. 3. P. 269–274.
Kuzyutin D., Nikitina M.

To ensure sustainable cooperation in multistage games with vector payoffs we use the payment schedule based approach. The main dynamic properties of cooperative solutions used in single-criterion multistage games are extended to multicriteria games.

We design two recurrent payment schedules that satisfy such advantageous properties as the efficiency and the time consistency conditions, non-negativity and irrational behavior proofness.

Priority areas: mathematics
Language: English
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DOI
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Keywords: Shapley valuedynamic gamemulticriteria gamesTime consistencyCooperative solution
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