Article ID: | iaor1990178 |
Country: | United States |
Volume: | 37 |
Issue: | 6 |
Start Page Number: | 958 |
End Page Number: | 971 |
Publication Date: | Nov 1989 |
Journal: | Operations Research |
Authors: | Weiss Howard J., Murphy Frederic H., Toman Michael A. |
Keywords: | game theory |
In this paper the authors present and analyze a Nash dynamic game model for investigating public and private sector oil inventory policies in unstable world oil markets. Conceptual results about the model include simple, verifiable conditions for uniqueness and stability of solutions, along with characterizations of optimal policies. The authors also present results and discuss computational issues that arise in determining