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A canonical procedure is described, which associates to each infinite information collecting situation a related information collecting situation with finite state and action spaces, in such a way that the two corresponding IC-games are near to each other. Compensations for informants are then...
Persistent link: https://www.econbiz.de/10010759318
Persistent link: https://www.econbiz.de/10010993413
We present a simple game model of international environmental agreements and examine the effects of learning (resolution of uncertainty) on the stability of agreements. An agreement is said to be stable if no countries have an incentive to defect from it and free-ride. We have shown that whether...
Persistent link: https://www.econbiz.de/10010994518
of the core of a game on a convex geometry. First, we show that if a game is quasi-convex, then the core is stable. This … result can be seen as an extension of a result by Shapley for traditional cooperative games. Secondly, we show the core on …, we axiomatize the core by means of consistency, as is analogous to a result by Peleg for traditional cooperative games …
Persistent link: https://www.econbiz.de/10010847692
We prove the non-emptiness of the core of an NTU game satisfying a condition of payoff-dependent balancedness, based on … transfer rate mappings. We also define a new equilibrium condition on transfer rates and we prove the existence of core payoff … vectors satisfying this condition. The additional requirement of transfer rate equilibrium refines the core concept and allows …
Persistent link: https://www.econbiz.de/10010905386
appropriately applied. We regard global warming as a cooperative game and examine the conditions under which the core of the global …
Persistent link: https://www.econbiz.de/10010949599
of the core of a game on a convex geometry. First, we show that if a game is quasi-convex, then the core is stable. This … result can be seen as an extension of a result by Shapley for traditional cooperative games. Secondly, we show the core on …, we axiomatize the core by means of consistency, as is analogous to a result by Peleg for traditional cooperative games …
Persistent link: https://www.econbiz.de/10010950112
Finding a solution concept is one of the central problems in cooperative game theory, and the notion of core is the …, one or several players with all their subordinates. In these situations, the core in its usual formulation may be … unbounded, making its use difficult in practice. We propose a new notion of core, called the restricted core, which imposes …
Persistent link: https://www.econbiz.de/10010950177
-convexity, under which the game is shown to have a non-empty core and the average tree solution lies in the core. In general, link …
Persistent link: https://www.econbiz.de/10011255465
in both the alpha-core and beta-core. On the other hand, both cores may be empty, indicating a lack of stability, when …
Persistent link: https://www.econbiz.de/10005248343