The D.W.K. Yeung Condition for Cooperative Differential Games with Nontransferable Payoffs
Abstract
Irrational behavior proof condition for single player was introduced in Yeung, 2006. The irrational behavior implies the dissolution of cooperative scheme. The condition under which even if irrational behaviors appear later in the game the concerned player would still be performing better under the cooperative scheme was considered in Yeung, 2006. In this paper the differential game with transferable payoffs was considered. In this paper the irrational behavior proof condition for differential games with nontransferable payoffs is proposed.
Keywords:
Pareto-Optimality, Time-consistency, Payoff Distribution Procedure
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Articles of "Contributions to Game Theory and Management" are open access distributed under the terms of the License Agreement with Saint Petersburg State University, which permits to the authors unrestricted distribution and self-archiving free of charge.