Optimization of Investment and Reinsurance Strategy of an Insurer Based on Stochastic Differential Game and Multi-Vasicek Model

2017 ◽  
Author(s):  
Hong Mao ◽  
Zhongkai Wen
Keyword(s):  
Differential Game ◽  
Stochastic Differential Game ◽  
Vasicek Model

scholarly journals Stackelberg stochastic differential game with asymmetric noisy observations

2021 ◽  
pp. 1-21
Author(s):  
Yueyang Zheng ◽  
Jingtao Shi
Keyword(s):  
Differential Game ◽  
Stochastic Differential Game

scholarly journals A stochastic differential game of low carbon technology sharing in collaborative innovation system of superior enterprises and inferior enterprises under uncertain environment

2018 ◽  
Vol 16 (1) ◽  
pp. 607-622 ◽  
Author(s):  
Shi Yin ◽  
Baizhou Li
Keyword(s):  
Differential Game ◽  
Cooperative Game ◽  
Stackelberg Game ◽  
Innovation System ◽  
Stochastic Differential Game ◽  
Low Carbon ◽  
Nash Game ◽  
Low Carbon Economy ◽  
Collaborative Innovation ◽  
Technology Level

AbstractConsidering the fact that the development of low carbon economy calls for the low carbon technology sharing between interested enterprises, this paper study a stochastic differential game of low carbon technology sharing in collaborative innovation system of superior enterprises and inferior enterprises. In the paper, we consider the random interference factors that include the uncertain external environment and the internal understanding limitations of decision maker. In the model, superior enterprises and inferior enterprises are separated entities, and they play Stacklberg master-slave game, Nash non-cooperative game, and cooperative game, respectively. We discuss the feedback equilibrium strategies of superior enterprises and inferior enterprises, and it is found that some random interference factors in sharing system can make the variance of improvement degree of low carbon technology level in the cooperation game higher than the variance in the Stackelberg game, and the result of Stackelberg game is similar to the result of Nash game. Additionally, a government subsidy incentive and a special subsidy that inferior enterprises give to superior enterprises are proposed.

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