The transformation of characteristic functions is an effective way to avoid time-inconsistency of cooperative solutions in dynamic games.There are several forms on the transformation of characteristic functions.In thi...The transformation of characteristic functions is an effective way to avoid time-inconsistency of cooperative solutions in dynamic games.There are several forms on the transformation of characteristic functions.In this paper,a class of general transformation of characteristic functions is proposed.It can lead to the time-consistency of cooperative solutions and guarantee that the irrational-behaviorproof conditions hold true.To illustrate the theory,an example of dynamic game on a tree is given.展开更多
基金the National Natural Science Foundation of China under Grant No.71571108China Postdoctoral Science Foundation Funded Project under Grant No.2016M600525Qingdao Postdoctoral Application Research Project under Grant No.2016029。
文摘The transformation of characteristic functions is an effective way to avoid time-inconsistency of cooperative solutions in dynamic games.There are several forms on the transformation of characteristic functions.In this paper,a class of general transformation of characteristic functions is proposed.It can lead to the time-consistency of cooperative solutions and guarantee that the irrational-behaviorproof conditions hold true.To illustrate the theory,an example of dynamic game on a tree is given.
