On generalized Stackelberg strategies |
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Authors: | G Leitmann |
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Institution: | (1) University of California, Berkeley, California |
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Abstract: | The concept of Stackelberg strategy for a nonzero-sum two-person game is extended to allow for a nonunique rational response of the follower. This leads to the notion of a generalized Stackelberg strategy for the leader, which guarantees him a cost value that cannot be exceeded, no matter what the rational response of the follower. Then, a generalized Stackelberg strategy pair is defined. A simple example is given. The idea of a generalized Stackelberg strategy and strategy pair is then applied to the situation of one leader and many rational followers.This paper is based on research supported by the National Science Foundation. |
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Keywords: | Stackelberg strategies nonzero-sum games leader-follower decision making |
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