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We deal with n-person normal form games where a subset of players decide to cooperate (signatories) and choose strategies by maximizing the aggregate welfare of the coalition members as in International Environmental Agreements (IEA) context. The non-cooperating (non-signatories) players choose...
Persistent link: https://www.econbiz.de/10010538758
In this paper we investigate partial cooperation between a portion of the players and the rest of the players who do not cooperate and play a Nash game having multiple equilibria. Some properties of the partial cooperative equilibrium are studied and applied to a public goods situation.
Persistent link: https://www.econbiz.de/10005673599
This paper focuses on two characterizations of convex interval games using the notions of superadditivity and exactness, respectively. We also relate big boss interval games with concave interval games and obtain characterizations of big boss interval games in terms of subadditivity and exactness.
Persistent link: https://www.econbiz.de/10005536989
In this note we represent a classical bankruptcy problem as a standard flow problem on a simple network and implement some known division rules from the bankruptcy literature via suitable cost functions in the related minimum cost flow problem.
Persistent link: https://www.econbiz.de/10005698653