A situation in which a finite set of players can obtain certain payoffs by cooperation can be described by a cooperative game with transferable utility, or simply a TU-game. A (single-valued) solution for TU-games assigns a payoff distribution to every TU-game. A well-known solution is the...

In this paper, a cooperation model between a generating company and several marketers is presented. The model considers two cooperation schemes. The first finds the optimal decision for the generating company and the group of marketers in terms of maximization of their profits, based on bi-level...