Generalized Constrained Games in Farm Planning

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Bibliographische Detailangaben
Zeitschriftentitel:	American Journal of Agricultural Economics
Personen und Körperschaften:	Kawaguchi, T., Maruyama, Y.
In:	American Journal of Agricultural Economics, 54, 1972, 4_Part_1, S. 591-602
Format:	E-Article
Sprache:	Englisch
veröffentlicht:	Wiley
Schlagwörter:	Economics and Econometrics Agricultural and Biological Sciences (miscellaneous)

Details
Zusammenfassung:	<jats:title>Abstract</jats:title><jats:p>Constrained games arise when the mixed strategies of a finite rectangular game are subject to further constraints in the form of linear inequalities. Such games permit more realistic and convenient formulation of many decision problems. This paper offers a generalization of the constrained game model which widens the scope of game‐theoretic approaches in farm planning. Solution procedures are proposed for Savage's minimax regret, Hurwicz's pessimism‐optimism index, and the “Wald‐maximax” and “Wald‐Savage” criteria. It is shown that the proposed approaches can handle uncertainty in the inequality constraints. An application to a farm planning problem concludes the paper.</jats:p>
Umfang:	591-602
ISSN:	0002-9092 1467-8276
DOI:	10.2307/1238535