Dynamically Consistent Cooperative Solution in a Differential Game of Transboundary Industrial Pollution |
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| Authors: | D W K Yeung |
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| Institution: | (1) Center for Game Theory, Hong Kong Baptist University, Hong Kong, Hong Kong;(2) Center for Game Theory, St. Petersburg State University, St. Petersburg, Russia |
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| Abstract: | This paper presents a cooperative differential game of transboundary industrial pollution. A noted feature of the game model
is that the industrial sectors remain competitive among themselves while the governments cooperate in pollution abatement.
It is the first time that time consistent solutions are derived in a cooperative differential game on pollution control with
industries and governments being separate entities. A stochastic version of the model is presented and a subgame-consistent
cooperative solution is provided. This is the first study of pollution management in a stochastic differential game framework.
This research was supported by the Research Grant Council of Hong Kong Grant HKBU2103/04H and Hong Kong Baptist University
Grant FRG/05-06/II22. |
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| Keywords: | Linear optimization predictor-corrector methods quadratic convergence self-regular proximity functions polynomial complexity |
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