Myopic solutions of affine dynamic models

Myopic solutions of affine dynamic models

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Article ID: iaor19911721
Country: United States
Volume: 38
Issue: 5
Start Page Number: 847
End Page Number: 853
Publication Date: Sep 1990
Journal: Operations Research
Authors:
Keywords: game theory
Abstract:

New sufficient conditions are presented for a dynamic process to have a myopic optimum and for a sequential game to possess a myopic equilibrium point. An optimum (or an equilibrium point) is said to be myopic if it can be specified by solving a static optimization problem (or a static Nash game). The results are applied to an aquaculture harvesting model and a dynamic oligopoly model with advertising decisions.

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