Bauso, D., Giarré, L. and Pesenti, R. (2005) Existence and optimality of nash equilibria in inventory games. In: Proceedings of the 16th IFAC World Congress. Proceedings of the 16th IFAC World Congress, 2005 IFAC , 658 - 663. ISBN 008045108X
Abstract
This paper studies the stability and optimality of a distributed consensus protocol for n-player repeated non cooperative games under incomplete information. At each stage, the players choose binary strategies and incur in a payo® monotonically decreasing with the number of active players. The game is specialized to an inventory application, where fixed costs are shared among all retailers, interested in whether reordering or not from a common warehouse. The authors focus on Pareto optimality as a measure of coordination of reordering strategies, proving that there exists a unique Pareto optimal Nash equilibrium that verifies certain stability conditions. Copyright © 2005 IFAC.
Metadata
Item Type: | Proceedings Paper |
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Authors/Creators: |
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Copyright, Publisher and Additional Information: | © 2005 IFAC. |
Dates: |
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Institution: | The University of Sheffield |
Academic Units: | The University of Sheffield > Faculty of Engineering (Sheffield) > Department of Automatic Control and Systems Engineering (Sheffield) |
Depositing User: | Symplectic Sheffield |
Date Deposited: | 05 Feb 2016 14:00 |
Last Modified: | 10 Mar 2016 07:42 |
Published Version: | http://dx.doi.org/10.3182/20050703-6-CZ-1902.00510 |
Status: | Published |
Publisher: | IFAC |
Identification Number: | 10.3182/20050703-6-CZ-1902.00510 |
Open Archives Initiative ID (OAI ID): | oai:eprints.whiterose.ac.uk:89775 |