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Dynamic, Hierarchical Decision Problems,
CONNECTICUT UNIV STORRS DEPT OF ELECTRICAL ENGINEERING
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A hierarchical decision problem with one leader and a continuum of followers is investigated. The problem is formulated as a stochastic Stackelberg game with nonnested information structure, and studied by using the Inducible Region concept. For the single-stage case, it is shown that the inducible region can be delineated, and the optimal Stackelberg strategy can be constructed. These results are then extended to the two-stage case. Although the problem is formulated in a pricing context in terms of companies and customers, the formulation can be interpreted differently to model Command Control and Communications Systems related problems. Author
APPROVED FOR PUBLIC RELEASE