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In many land-use models, landowners are assumed to make decisions that maximize their utilities.
We assume all players are rational and individually choose their strategies to maximize their utilities.
Secondary users also want to maximize their utilities while satisfying the constraints (3).
Through the game, the players choose the best allies to maximize their utilities in a distributed manner, the result of which satisfies the Nash stability and individual stability.
Mahmoudi et al. (2014) proposed a game theoretical model to show how power plants maximize their utilities in each energy source by considering the government's role in the competition of two power plants.
The numerical examples demonstrate how government could intervene in a competitive market of electricity to achieve the environmental objectives and how power plants maximize their utilities in each energy source.
Similar(51)
"People move to maximize their utility," Professor Massey said.
Econ 101 teaches us that people maximize their "utility" or well-being, rather than simply their financial wealth.
However, to maximize their utility, nodes may tell lie about their cost.
The web-tool Biochar Engineering implements the derived models to maximize their utility and distribution.
The web and e-mail components are integrated to maximize their utility to readers.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com