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Information on technology, investment and consumption, as collected in traditional dynamic models of the Leontief type, is usually insufficient to determine future output. Indeterminateness can be handled mathematically by abstract theory of point-to-set mappings but the rôle of intersectoral flows, technical substitution and investment remains unexplained. When substitution dynamics prevails over...
In non-cooperative two-person games Nash equilibria can be dominated. When a third player — the regulator — can influence the cost structure of the game, it is sometimes possible to reduce the degree of dominance of the non-cooperative equilibrium. We formulate the regulator's problem as minimization of a (properly chosen) distance between the Nash equilibrium point(s) and a desired point of the Pareto...
Given a set of autonomous discrete-time LTI systems, one element - the current mode - is active. A number of agents identified to the nodes of a directed graph have different incomplete observations of the system's state, partial knowledge of the system's parameters and no knowledge of the initial state. A distributed scheme based on local communication among agents is studied to identify the current...
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