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Publication: Approximating solutions for nonlinear d...

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Title:	Approximating solutions for nonlinear dynamic tracking games (Printversion)
Subtitle:
Abstract:	This paper presents the OPTGAME algorithm developed to iteratively approximate equilibrium solutions of 'tracking games', i.e. discrete-time nonzero-sum dynamic games with a finite number of players who face quadratic objective functions. Such a tracking game describes the behavior of decision makers who act upon a nonlinear discrete-time dynamical system, and who aim at minimizing the deviations from individually desirable paths of multiple states over a joint finite planning horizon. Among the noncooperative solution concepts, the OPTGAME algorithm approximates feedback Nash and Stackelberg equilibrium solutions, and the open-loop Nash solution, and the cooperative Pareto-optimal solution.
Keywords:

Publication type:	Article in journal (Authorship)
Publication date:	03.2015 (Print)
Published by:	Computational Economics Computational Economics to publication ( Springer Verlag GmbH; )
Title of the series:	-
Volume number:	45
Issue:	3
First publication:	No
Edition:	1
Version:	-
Page:	pp. 407 - 433
Total number of pages:	27 pp.

Keine Version vorhanden

Publication date:
ISBN (e-book):	-
eISSN:	-
DOI:	http://dx.doi.org/10.1007/s10614-014-9420-4
Homepage:	-
Open access	No open access

Publication date:	03.2015
ISBN:	-
ISSN:	1572-9974
Homepage:	http://link.springer.com/article/10.1007/s10614-014-9420-4

Authors

(internal)

Assignment

Organisation

Address

Fakultät für Wirtschafts- und Rechtswissenschaften

Universitätsstr. 65-67
AT - A-9020 Klagenfurt

Fakultät für Wirtschafts- und Rechtswissenschaften
Institut für Unternehmensführung

Universitätsstrasse 67
AT - 9020 Klagenfurt

Categorisation

Subject areas	101027 - Dynamical systems 101016 - Optimisation 101017 - Game theory 502018 - Macroeconomics 502046 - Economic policy 502047 - Economic theory
Research Cluster	Self-organizing systems
Citation index	Social Science Citation Index (SSCI) Information about the citation index: Master Journal List
Peer reviewed	Yes
Publication focus	Science to Science (Quality indicator: II) Classification raster of the assigned organisational units: Institut für Volkswirtschaftslehre Abteilung für Controlling und Strategische Unternehmensführung
working groups	No working group selected

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Research activities

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Projects:	Self-Organizing Decision-Making Systems with Information Errors Self-Organizing Decision-Making Systems with Information Errors Univ.-Prof. Dipl.-Ing. Dr. Christian Bettstetter Univ.-Prof. Dr. Friederike Wall 01.10.2012 - 31.05.2015 To project Entscheidungsprozesse und strategische Interaktion im Zuge einer möglichen Erweiterung der Europäischen Währungsunion (The Macroeconomics of EMU Enlargement). Entscheidungsprozesse und strategische Interaktion im Zuge einer möglichen Erweiterung der Europäischen Währungsunion (The Macroeconomics of EMU Enlargement). Em. Univ.-Prof. Mag. Dr. Reinhard Neck 01.01.2007 - 31.12.2009 To project CEE Kompetenzzentrum CEE Kompetenzzentrum Priv.Doz. Dipl.-Ing. Dr.techn. Doris Behrens Ao.Univ.-Prof.MMag.Dr. Gottfried Haber 01.12.2009 - 31.12.2014 To project Makroökonomische Politikbewertung für Österreich im europäischen und weltwirtschaftlichen Zusammenhang Makroökonomische Politikbewertung für Österreich im europäischen und weltwirtschaftlichen Zusammenhang Em. Univ.-Prof. Mag. Dr. Reinhard Neck 01.01.2001 - 01.12.2005 To project Optimale Fiskalpolitik für die Europäische Wirtschafts- und Währungsunion Optimale Fiskalpolitik für die Europäische Wirtschafts- und Währungsunion O.Univ.Prof. Dr. Gustav Feichtinger Em. Univ.-Prof. Mag. Dr. Reinhard Neck 01.02.1998 - 01.09.2002 To project Decision support in public policy: Understanding and controlling socio-economic phenomena in heterogeneous populations Decision support in public policy: Understanding and controlling socio-economic phenomena in heterogeneous populations Priv.Doz. Dipl.-Ing. Dr.techn. Doris Behrens 01.11.1998 - 31.12.2014 To project
Publications:	Macroeconomic policies in a monetary union: a dynamic game Macroeconomic policies in a monetary union: a dynamic game (2004) R. Neck, D. Behrens Central European Journal of Operations Research No Publisher selected to publication "Core" and "Periphery" in a Monetary Union: A Macroeconomic Policy Game "Core" and "Periphery" in a Monetary Union: A Macroeconomic Policy Game (2011) D. Blüschke, R. Neck International Advances in Economic Research Springer Verlag GmbH to publication OPTGAME 1.0: a numerical algorithm to determine solutions for two-person difference games OPTGAME 1.0: a numerical algorithm to determine solutions for two-person difference games (2003) D. Behrens, R. Neck Modeling and Control of Economic Systems 2001 No Publisher selected to publication Solving dynamic macroeconomic policy games using the algorithm OPTGAME 1.0 Solving dynamic macroeconomic policy games using the algorithm OPTGAME 1.0 (2001) M. Hager, R. Neck, D. Behrens Optimal Control Applications and Methods No Publisher selected to publication Policy Interactions in a Monetary Union: An Application of the OPTGAME Algorithm Policy Interactions in a Monetary Union: An Application of the OPTGAME Algorithm (2014) D. Blüschke, R. Neck Dynamic Games in Economics No Publisher selected to publication Incentive Stackelberg strategies for a dynamic game on terrorism Incentive Stackelberg strategies for a dynamic game on terrorism (2007) D. Behrens, J. Caulkins, G. Feichtinger, G. Tragler Advances in Dynamic Game Theory and Application No Publisher selected to publication Optimal Control of Nonlinear Processes Optimal Control of Nonlinear Processes (2008) D. Grass, J. Caulkins, G. Feichtinger, G. Tragler, D. Behrens Springer Verlag GmbH to publication OPTGAME 2.0: An algorithm for equilibrium solutions of (non-)linear quadratic multi-player difference games OPTGAME 2.0: An algorithm for equilibrium solutions of (non-)linear quadratic multi-player difference games (2000) D. Behrens, R. Neck ISDG 2000 No Publisher selected to publication OPTGAME3: A dynamic game solver and an economic example OPTGAME3: A dynamic game solver and an economic example (2013) D. Blüschke, R. Neck, D. Behrens Advances in Dynamic Games. Theory, Applications, and Numerical Methods No Publisher selected to publication A macroeconomic policy game for a monetary union with adaptive expectations A macroeconomic policy game for a monetary union with adaptive expectations (2009) R. Neck, D. Behrens Atlantic Economic Journal No Publisher selected to publication Similarities between solutions of discrete-time (non-)linear-quadratic games Similarities between solutions of discrete-time (non-)linear-quadratic games (2000) D. Behrens, R. Neck Optimization, Dynamics and Economic Analysis. Essays in Honor of Gustav Feichtinger No Publisher selected to publication Modeling and control of economies in the European Monetary Union Modeling and control of economies in the European Monetary Union (2001) D. Behrens American Control Conference, 2001. Proceedings of the 2001 (Volume:1-6) No Publisher selected to publication
Events:	SOCraTES (Seminar on Complexity, Smart grids, Evolution and Embedded Systems) SOCraTES (Seminar on Complexity, Smart grids, Evolution and Embedded Systems) Alpen-Adria Universität Klagenfurt on 04.07.2013 To ext. Event (external) 9th International Symposium on Dynamic Games (ISDG) 9th International Symposium on Dynamic Games (ISDG) Adelaide , Australien 18.12.2000 - 21.12.2000 To ext. Event (external)
Lectures:	Optgame - approximating equilibrium solutions of multi decision maker difference games Optgame - approximating equilibrium solutions of multi decision maker difference games D. Behrens since 04.07.2013 To Lecture OPTGAME 2.0. An algorithm for equilibrium solutions of (non-)linear quadratic multi-player difference games OPTGAME 2.0. An algorithm for equilibrium solutions of (non-)linear quadratic multi-player difference games D. Behrens Österreich since 19.12.2000 To Lecture OPTGAME: an algorithm to derive solutions of N-person discrete-time nonlinear dynamic games OPTGAME: an algorithm to derive solutions of N-person discrete-time nonlinear dynamic games D. Behrens Österreich since 27.07.2000 To Lecture OPTGAME: Ein Algorithmus zur Bestimmung von Lösungen dynamischer, quadratischer Mehr-Personen-Spiele in diskreter Zeit OPTGAME: Ein Algorithmus zur Bestimmung von Lösungen dynamischer, quadratischer Mehr-Personen-Spiele in diskreter Zeit D. Behrens Österreich since 10.10.2000 To Lecture

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