کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
696495 890339 2011 13 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Non-constant discounting and differential games with random time horizon
موضوعات مرتبط
مهندسی و علوم پایه سایر رشته های مهندسی کنترل و سیستم های مهندسی
پیش نمایش صفحه اول مقاله
Non-constant discounting and differential games with random time horizon
چکیده انگلیسی

Previous results on non-constant discounting in continuous time are extended to the field of deterministic differential games with a stochastic terminal time. A dynamic programming equation is derived for problems with general time inconsistent preferences and random duration. Different cooperative and non-cooperative solution concepts for differential games with random duration are analyzed. The results are illustrated by solving the cake-eating problem describing the classical model of management of a nonrenewable resource.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Automatica - Volume 47, Issue 12, December 2011, Pages 2626–2638
نویسندگان
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