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We look at the basic applications of cooperative game theory to economic situations. These include bargaining and … cooperative equilibria, especially as the number of players increases without bound. The core and the Shapley value are the …
Persistent link: https://www.econbiz.de/10010883241
compared in this paper with the solutions with the property of ?-core stability. Key instruments for that comparison are the … as they result from unacceptable, i.e. unstable imputations. The relation between internal and core stable solutions is … exist. But this class of games is more restricted than the one for which only ?-core solutions exist. The argument is first …
Persistent link: https://www.econbiz.de/10011246306
dynamic coalition formation, and I look at and review a learning model. After it I show some paper about the core. The main … aspect is how can reach the core. …
Persistent link: https://www.econbiz.de/10010553695
externality). A cooperative game theory model is applied. The model empirically shows how the uncontrolled extractions in each sub …
Persistent link: https://www.econbiz.de/10010862829
distributive lattice, hence generated by a partial order on the set of players. Its core may be unbounded, and the bounded core …, which is the union of all bounded faces of the core, proves to be a useful solution concept in the framework of games with … precedence constraints. Replacing the inequalities that define the core by equations for a collection of coalitions results in a …
Persistent link: https://www.econbiz.de/10010775866
This paper reviews game theoretic approaches to develop the formation of international environmental agreements in general and climate agreements in particular. We confront cooperative and non-cooperative approaches paying special attention to heterogeneous players and transfers. Recent...
Persistent link: https://www.econbiz.de/10010570209
Cooperative games model situations where the actors can collaborate, can form coalitions. We know many static models, but our world is more complex. Despite the fact that there have been several experimental studies on coalition formation there are only very few theoretical papers dealing with...
Persistent link: https://www.econbiz.de/10008611341
In this paper, we study inventory pooling coalitions within a decentralized distribution system consisting of a manufacturer, a warehouse (or an integration center), and n retailers. At the time their orders are placed, the retailers know their demand distribution but do not know the exact value...
Persistent link: https://www.econbiz.de/10011052632