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This paper studies a generalization of the consensus value (cf.Ju, Borm and Ruys (2004)) to the class of partition function form games.The concepts and axioms, related to the consensus value, are extended.This value is characterized as the unique function that satisfies efficiency, complete...
Persistent link: https://www.econbiz.de/10011091966
Finite potential games have Nash equilibria in pure strategies.This note provides some results on the existence of equilibria or approximate equilibria if some players have infinite sets of strategies.
Persistent link: https://www.econbiz.de/10011091983
In this paper the structure of the set of equilibria for two person multicriteria games is analysed. It turns out that the classical result for the set of equilibria for bimatrix games, that it is a finite union of polytopes, is only valid for multicriteria games if one of the players only has...
Persistent link: https://www.econbiz.de/10011091997
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Abstract: In this paper we provide a characterisation of the set of fall back equilibria for 2 x n bimatrix games. Furthermore, for this type of games we discuss the relation between the set of fall back equilibria and the sets of perfect, proper and strictly perfect equilibria. In order to do...
Persistent link: https://www.econbiz.de/10011092036
In this paper, we analyze a lobby game, modelled as an all-pay auction in which interest groups submit bids in order to obtain a political prize.The bids are restricted to be below a cap imposed by the government.For both an incomplete and a complete information setting we show the following...
Persistent link: https://www.econbiz.de/10011092051
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In this paper we study information sharing situations.For every information sharing situation we construct an associated cooperative game, which we call an information sharing game.We show that the class of information sharing games co-incides with the class of cooperative games with a...
Persistent link: https://www.econbiz.de/10011092092
Persistent link: https://www.econbiz.de/10011092116