Team-Optimal Solution

Definition (Team-optimal solution)

For a given stochastic team problem with a fixed information structure {J;Γi,i∈N}\{ J;\Gamma^{i},i\in\mathcal{N}\}, a policy N−N-tuple γ‾∗=(γ1∗,…,γN∗)∈Γ\underline{\gamma}^{*}=(\gamma^{1*},\dots,\gamma^{N*})\in\mathbf{\Gamma}is a team-optimal solution if J(γ‾∗)=inf⁡γ‾∈ΓJ(γ‾)=:J∗J(\underline{\gamma}^{*})=\inf_{\underline{\gamma}\in\Gamma}J(\underline{\gamma})=:J^{*}provided that the strategy exists. The cost level achieved by this strategy, J∗J^{*}, is the minimum (or optimal) team cost.

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