Game-theoretic models of incentive and control strategies in social and economic systems. / Dubina, Igor N.; Oskorbin, Nikolai M.
In: Cybernetics and Systems, Vol. 46, No. 5, 04.07.2015, p. 303-319.Research output: Contribution to journal › Article › peer-review
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TY - JOUR
T1 - Game-theoretic models of incentive and control strategies in social and economic systems
AU - Dubina, Igor N.
AU - Oskorbin, Nikolai M.
PY - 2015/7/4
Y1 - 2015/7/4
N2 - This study classifies and analyzes incentive systems in social and economic spheres on the methodological basis of game theory. The proposed approach formalizes the assumption of the impossibility of precise performance in socioeconomic realms, which is fundamental for designing incentive systems. The suggested approach addresses latent strategic variables that characterize the behavior of active elements of incentive systems. The authors define, formalize, and characterize authoritarian and democratic systems and mechanisms of incentive and control and demonstrate that a democratic system can significantly reduce incentive and control costs.
AB - This study classifies and analyzes incentive systems in social and economic spheres on the methodological basis of game theory. The proposed approach formalizes the assumption of the impossibility of precise performance in socioeconomic realms, which is fundamental for designing incentive systems. The suggested approach addresses latent strategic variables that characterize the behavior of active elements of incentive systems. The authors define, formalize, and characterize authoritarian and democratic systems and mechanisms of incentive and control and demonstrate that a democratic system can significantly reduce incentive and control costs.
KW - Control
KW - Game theory
KW - Incentive
KW - Optimization
UR - http://www.scopus.com/inward/record.url?scp=84929249345&partnerID=8YFLogxK
U2 - 10.1080/01969722.2015.1007756
DO - 10.1080/01969722.2015.1007756
M3 - Article
AN - SCOPUS:84929249345
VL - 46
SP - 303
EP - 319
JO - Cybernetics and Systems
JF - Cybernetics and Systems
SN - 0196-9722
IS - 5
ER -
ID: 25352334