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Max-convex decompositions for cooperative TU games
Llerena, Francesc; Pallarola, Carlos Rafels - Facultat d'Economia i Empresa, Universitat de Barcelona - 2004
We show that any cooperative TU game is the maximum of a finite collection of convex games. This max …-convex decomposition can be refined by using convex games with nonnegative dividends for all coalitions of at least two players. As a … consequence of the above results we show that the class of modular games is a set of generators of the distributive lattice of all …
Persistent link: https://www.econbiz.de/10005138819
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Slopes of Shadow Prices and Lagrange Multipliers
Flåm, Sjur Didrik; Jongen, Hubertus Th.; Stein, Oliver - Institutt for Økonomi, Universitetet i Bergen - 2007
Many economic models and optimization problems generate (endogenous) shadow prices - alias dual variables or Lagrange multipliers. Frequently the “slopes” of resulting price curves - that is, multiplier derivatives - are of great interest. These objects relate to the Jacobian of the...
Persistent link: https://www.econbiz.de/10008876361
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Private Information, Transferable Utility, and the Core
Flåm, Sjur Didrik; Koutsougeras, L. - Institutt for Økonomi, Universitetet i Bergen - 2007
Considered here are transferable-utility, coalitional production or market games, featuring differently informed …
Persistent link: https://www.econbiz.de/10008876392
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Quota and Risk Sharing among Fishermen
Bardarson, Hermann - Institutt for Økonomi, Universitetet i Bergen - 2003
cooperative production games. It is applied here to fisheries with stochastic yield. …
Persistent link: https://www.econbiz.de/10008914338
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Cooperative Harvesting and Core Allocations in Fisheries
Bardarson, Hermann - Institutt for Økonomi, Universitetet i Bergen - 2003
The use of renewable resources is examined as a cooperative production game, the focus here being on fisheries. It is shown how pooling and exchange of individual endowments may open for substitutions that generate greater efficiency. We introduce a sharing rule that complies with the core...
Persistent link: https://www.econbiz.de/10008914354
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Pooling, Pricing and Trading of Risks
Flåm, Sjur Didrik - Institutt for Økonomi, Universitetet i Bergen - 2011
Abstract. Exchange of risks is considered here as a transferableutility, cooperative game, featuring risk averse players. Like in competitive equilibrium, a core solution is determined by shadow prices on state-dependent claims. And like in finance, no risk can properly be priced only in terms...
Persistent link: https://www.econbiz.de/10008925671
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Coalition formation and strategic permit trade under the Kyoto Protocol
Godal, Odd; Meland, Frode - Institutt for Økonomi, Universitetet i Bergen - 2011
This paper discusses coalition formation with side payments in markets for transferable property rights where strategic agents prevail on both sides of the market. Our concern is emissions permit trading under the Kyoto Protocol. While a seller cartel is not profitable, our analysis indicates...
Persistent link: https://www.econbiz.de/10008925672
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Time Consistent Pareto Solutions in Common Access Resource Games with Asymmetric Players
de-Paz, Albert; Marin-Solano, Jesus; Navas, Jorge - Facultat d'Economia i Empresa, Universitat de Barcelona - 2011
equilibrium rules for N-player cooperative dierential games in which agents dier in their instantaneous utility functions and also …
Persistent link: https://www.econbiz.de/10009002757
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Balanced Environmental Games
Flåm, Sjur Didrik - Institutt for Økonomi, Universitetet i Bergen - 2002
Focus is here on coalitional games among economic agents plagued by aggregate pollutions of diverse sorts. Defecting …
Persistent link: https://www.econbiz.de/10009003085
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Stochastic Approximation, Momentum, and Nash Play
Berglann, Helge; Flåm, Sjur Didrik - Institutt for Økonomi, Universitetet i Bergen - 2002
Main objects here are normal-form games, featuring uncertainty and noncooperative players who entertain local visions …
Persistent link: https://www.econbiz.de/10009003092