In Hart and Kurz (1983), stability and formation of coalition structures has been investigated in a noncooperative framework in which the strategy of each player is the coalition he wishes to join. However, given a strategy profile, the coalition structure formed is not unequivocally determined....

The application of game theory and cognitive economy to analyze the problem of undesired location - The analysts of the processes of public bodies decision - taking have long been discussing on the establishment of proper strategies to manage "environmental conflicts" - above all the so-called...

This paper proposes an axiomatic approach to study two-player infinitely repeated games. A solution is a correspondence that maps the set of stage games into the set of infinite sequences of action profiles. We suggest that a solution should satisfy two simple axioms: individual rationality and...

This paper is concerned with the question of defining the bargaining set, a cooperative game solution, when cooperation takes place in a dynamic setting. The focus is on dynamic cooperative games in which the players face (finite or infinite) sequences of exogenously specified TU-games and...

We present a novel algorithm to determine the payoff-space of certain normal-form C1 parametric games, and - more generally - of continuous families of normal-form C1 games. The algorithm has been implemented by using MATLAB, and it has been applied to several examples. The implementation of the...

Negli ultimi tempi, fra gli studiosi dei processi di formazione delle scelte pubbliche è in corso un interessante dibattito volto ad individuare le tecniche più appropriate per gestire in maniera efficace (ovvero in tempi rapidi e garantendo la stabilità e la durevolezza delle decisioni o...

This paper examines a dynamic process of n-person coalitional bargaining problems. We study the stochastic evolution of social conventions by embedding a static bargaining setting in a dynamic process; Over time agents revise their coalitions and surplus distributions in the presence of...

We introduce an efficient and dynamic resource allocation mechanism within the framework of a cooperative game with fuzzy coalitions. A fuzzy coalition in a resource allocation problem can be so defined that membership grades of the players in it, are proportional to the fractions of their total...

The theory of games (or game theory) is a mathematical theory that deals with the general features of competitive situations. It involves strategic thinking, and studies the way people interact while making economic policies, contesting elections and other such decisions. There are various types...

In this paper we investigate how cognitive ability influences behavior, success and the evolution of play towards Nash equilibrium in repeated strategic interactions. We study behavior in a p-beauty contest experiment and find striking differences according to cognitive ability: more cognitively...