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A stochastic model of a joint venture. (Russian. English summary) Zbl 1193.91084
The referred paper deals with a general model of the phenomenon of profit-motivated stochastic cooperation. Here, three agents are assumed to cooperate during a limited time period and the conditions under which the cooperation stability during the entire interval is accessible are analyzed. The conclusions imply that, even if the analyzed model is not strictly game-theoretical, the stability of cooperation is strongly related to the consistence between the optimality criterion and the Nash dynamic solution.
91B51 Dynamic stochastic general equilibrium theory
91B70 Stochastic models in economics
91A15 Stochastic games, stochastic differential games
91A12 Cooperative games