A Markovian Mechanism of Proportional Resource Allocation in the Incentive Model as a Dynamic Stochastic Inverse Stackelberg Game
Keyword(s):
This paper considers resource allocation among producers (agents) in the case where the Principal knows nothing about their cost functions while the agents have Markovian awareness about his/her strategies. We use a dynamic setup of the stochastic inverse Stackelberg game as the model. We suggest an algorithm for solving this game based on Q-learning. The associated Bellman equations contain functions of one variable for the Principal and also for the agents. The new results are illustrated by numerical examples.
Keyword(s):
1998 ◽
pp. 455-460
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2021 ◽
Vol 16
(2)
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2021 ◽
2020 ◽
Vol 13
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pp. 8-23