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them today. Along with about 80 articles, Mertens's topics go from the formulation of Bayesian decision making in games … others, the selection of Nash equilibria in noncooperative games, the existence of solutions for stochastic games and the … extension of the Shapley value in cooperative games with infinitely many negligible agents. …
Persistent link: https://www.econbiz.de/10011074149
. As immediate corollaries, we obtain complementary results to the findings of Dutta and Ray (Games Econ Behav, 3 …
Persistent link: https://www.econbiz.de/10011228181
In a committee where cooperative voting occurs, effectivity functions describe the blocking power of coalitions. It is a binary relation that says for each coalition T and each subset of outcomes B whether or not T can force the final outcome within B. The corresponding cooperative stability...
Persistent link: https://www.econbiz.de/10010765456
If the allocations of a differential information economy are defined as incentive compatible state-contingent lotteries over consumption goods, competitive equilibrium allocations exist and belong to the (ex ante incentive) core. Furthermore, any competitive equilibrium allocation can be viewed...
Persistent link: https://www.econbiz.de/10010706418
Traditionally, cooperative game theory has been applied to a variety of water resource problems assuming a deterministic pattern of supply. On the other hand, in view of the important role that water plays in regional and local projects, and taking into account that with climate change affecting...
Persistent link: https://www.econbiz.de/10010706527
Persistent link: https://www.econbiz.de/10010707282
In a hedonic game the preference relation of each player is defined on the set of coalitions that contain the player. The paper provides a necessary and sufficient condition for core-partition existence in a hedonic game. The condition is based on a new concept of balancedness, called pivotal...
Persistent link: https://www.econbiz.de/10010707355
We investigate the relative efficiency of an agreement based on a uniform standard without transfers and one based on differentiated standards with transfers when strictly identical countries deal with transboundary pollution. We especially ask what role fixed cost plays. Two approaches are...
Persistent link: https://www.econbiz.de/10010707620
elements. We introduce a new approach using coalitional games to evaluate the centrality of genes in networks keeping into … account genes interactions. The Shapley value for coalitional games is used to express the power of each gene in interaction …
Persistent link: https://www.econbiz.de/10010707932
the first part of the paper, we focus on evolutionary games and their application to modelling the evolution of virulence … applications concerning cooperative games in coalitional form, namely microarray games and Multi-perturbation Shapley value …
Persistent link: https://www.econbiz.de/10010708164