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We apply farsighted stable set to two versions of Hotelling's location games: one with linear market and another with circular market. It is shown that there always exists a farsighted stable set in both games. In particular, the set of all location profiles that yields equal payoff across all...
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Recent funding problems experienced by European sovereigns and the subsequent policy actions taken by European authorities have renewed interest in the international Lender of Last Resort (LLR). This paper constructs a global game LLR model applicable to both domestic and international contexts,...
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Interval games are an extension of cooperative coalitional games, in which players are assumed to face payoff uncertainty. Characteristic functions thus assign a closed interval instead of a real number. This study revisits two interval game versions of Shapley values (i.e., the interval Shapley...
Persistent link: https://www.econbiz.de/10014426296
Interval games are an extension of cooperative coalitional games in which players are assumed to face payoff uncertainty as represented by a closed interval. In this study, we examine two interval-game versions of Shapley values (i.e., the interval Shapley value and the interval Shapley-like...
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