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Modelling transfer profits as externalities in a cooperative game-theoretic model of natural gas networks

Csercsik, Dávid; Hubert, Franz; Sziklai, Balázs R.; … - 2019

"externalities", the description of which requires partition function form (PFF) games. In this paper we propose a method to compute …

Persistent link: https://www.econbiz.de/10012016390

Does risk sorting explain bubbles?

Kiss, Hubert J.; Kóczy, László Á.; Pintér, Ágnes; … - 2019

A recent stream of experimental economics literature studies the factors that contribute to the emergence of financial bubbles. We consider a setting where participants sorted according to their degree of risk aversion trade in experimental asset markets. We show that risk sorting is able to...

Persistent link: https://www.econbiz.de/10012016397

Core-stability over networks with widespread externalities

Kóczy, László Á. - 2020

The Covid-19 epidemic highlighted the significance of externalities: contacts with other people do not only affect our … with widespread externalities. The network function form generalises the partition function form of cooperative games in … involvement of more players allows for the - partial - internalisation of the externalities, but we also allow residual players to …

Persistent link: https://www.econbiz.de/10012253697

Externalities in the games over electrical power transmission networks

Kóczy, László Á.; Csercsik, Dávid - Keleti Károly Gazdasági Kar, Óbudai Egyetem - 2011

externalities that can be both negative and positive. We study the stability of the transportation network using the recur- sive …

Persistent link: https://www.econbiz.de/10009024615

Stationary consistent equilibrium coalition structures constitute the recursive core

Kóczy, László Á. - Keleti Károly Gazdasági Kar, Óbudai Egyetem - 2012

unreached subgames are ignored. Due to the externalities, the profitability of deviations depends on the partition formed by the …

Persistent link: https://www.econbiz.de/10010878385

Stationary consistent equilibrium coalition structures constitute the recursive core

Kóczy, László Á. - 2009

We study coalitional games where the proceeds from cooperation depend on the entire coalition structure. The coalition structure core (Kóczy, 2007) is a generalisation of the coalition structure core for such games. We introduce a noncooperative, sequential coalition formation model and show...

Persistent link: https://www.econbiz.de/10010279466