Existence of coordinating prices in dynamic systems

DOI10.1016/0005-1098(89)90036-8zbMath0687.90019OpenAlexW2039672225MaRDI QIDQ1263504

Fred C. Schweppe, Arthur W. Berger

Publication date: 1989

Published in: Automatica (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/0005-1098(89)90036-8

zbMATH Keywords

systemsdecentralized controlhierarchical decision makingeconomiccoupled dynamic systems

Mathematics Subject Classification ID

Microeconomic theory (price theory and economic markets) (91B24) Economic growth models (91B62)

Cites Work

• Auxiliary problem principle and decomposition of optimization problems
• Team-optimal closed-loop Stackelberg strategies in hierarchical control problems
• A control-theoretic view on incentives
• Two coordination principles and their application in large scale systems control
• Stackelberg strategies and incentives in multiperson deterministic decision problems
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