Title :
Stackelberg Games and Multisectoral Economic Planning
Author :
Anandalingam, G.
Author_Institution :
Department of Systems Engineering, University of Virginia, Charlottesville, VA 2901, USA
fDate :
7/1/1987 12:00:00 AM
Abstract :
The theory of open-loop Stackelberg games is applied to the planning and control of multisector economies. Using a simple real-world econometric model with a central coordinator and three sectors, it is shown that conflict reduction among any set of players would reduce suboptimality in the economy.
Keywords :
Control theory; Cost function; Decision making; Econometrics; Environmental economics; Game theory; Investments; Knowledge representation; Open loop systems; Resource management;
Journal_Title :
Systems, Man and Cybernetics, IEEE Transactions on
DOI :
10.1109/TSMC.1987.289359
