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Strategic games are considered where the players derive their utilities from participation in certain 'processes.' Two subclasses consisting exclusively of potential games are singled out. In the first, players choose where to participate, but there is a unique way of participation, the same for...
Persistent link: https://www.econbiz.de/10005550874
In cooperative games in which the players are partitioned into groups, we study the incentives of the members of a group to leave it and become singletons. In this context, we model a non-cooperative mechanism in which each player has to decide whether to stay in his group or to exit and act as...
Persistent link: https://www.econbiz.de/10005118646
markets, to attain higher value from the emission trading, we have shown that coalition strategies provide a pertinent … coalitions and hence the coalition strategies. …
Persistent link: https://www.econbiz.de/10005550910
Population games are stochastic processes which explicitly model Nash's (1950) mass action interpretation of Nash equilibrium. The mass action interpretation envisions a population of players for each position in the game, and that players are randomly matched for play. The hope is that the...
Persistent link: https://www.econbiz.de/10005407624
For each outcome (i.e.~a payoff vector augmented with a coalition structure) of a TU-game with a non-empty coalition … structure core there exists a finite sequence of successively dominating outcomes that terminates in the coalition structure …
Persistent link: https://www.econbiz.de/10005407594
Most properties of binary relations considered in the decision literature can be expressed as the impossibility of certain ``configurations.'' There exists no condition of this form which would hold for a binary relation on a subset of a finite-dimensional Euclidean space if and only if the...
Persistent link: https://www.econbiz.de/10005407537
Strategic games are considered where: every player chooses from a compact subset of the real line; the partners' choices affect each player's utility only through their scalar aggregate, which is affine in every single partner's choice; if the choices of all players but two are fixed, then both...
Persistent link: https://www.econbiz.de/10005118568
A new model of strategic network formation is developed and analyzed, where an agent's investment in links is nonspecific. The model comprises a large class of games which are both potential and super- or submodular games. We obtain comparative statics results for Nash equilibria with respect to...
Persistent link: https://www.econbiz.de/10005118625
A formal scheme is described for coalition formation in a game of interconnected participants with monotonic utility …
Persistent link: https://www.econbiz.de/10005407534
This paper surveys a selection of the literature on the private provision of public goods using the Kolm triangle. (The Kolm triangle is the analogue of an Edgeworth box in an economy with a public good.) We provide simple geometrical proofs of various established results using this graphical...
Persistent link: https://www.econbiz.de/10005125979