eprintid: 14101
rev_number: 7
eprint_status: archive
userid: 5
dir: disk0/00/01/41/01
datestamp: 2016-12-07 10:41:42
lastmod: 2021-08-27 17:41:42
status_changed: 2016-12-07 10:41:42
type: book_section
metadata_visibility: show
item_issues_count: 1
creators_name: Leonardi, G.
creators_id: AL0927
title: An Optimal Control Representation of a Stochastic Multistage-Multiactor Choice Process
ispublished: pub
divisions: prog_enp
abstract: This paper considers a multiactor decision process, where each actor chooses a sequence of actions over time, in order to maximize his utility, subject to a random noise in the utility evaluation. The pool of alternative actions is limited, and all actors compete to use these alternatives, thus generating mutual externalities due to shortages. This process, which has a direct formulation in terms of a nested random utility model, is shown to be equivalent to a suitably built optimal control problem, whose Hamiltonian can be interpreted as a total benefit. A continuous time formulation is outlined, and an application to modelling residential mobility is discussed.
date: 1983
date_type: published
publisher: Springer
id_number: 10.1007/978-94-009-6893-6_4
creators_browse_id: 2112
full_text_status: none
series: NATO ASI Series, Series D: Behavioural and Social Sciences
number: 15
place_of_pub: Netherlands
pagerange: 62-72
refereed: TRUE
isbn: 978-94-009-6893-6
book_title: Evolving Geographical Structures
coversheets_dirty: FALSE
fp7_type: info:eu-repo/semantics/bookPart
citation:   Leonardi, G. <https://pure.iiasa.ac.at/view/iiasa/2112.html>  (1983).  An Optimal Control Representation of a Stochastic Multistage-Multiactor Choice Process.    In:  Evolving Geographical Structures.  pp. 62-72 Netherlands: Springer.  ISBN 978-94-009-6893-6 10.1007/978-94-009-6893-6_4 <https://doi.org/10.1007/978-94-009-6893-6_4>.