The equivalence of markets and games concerns the relationship between two sorts of structures that appear … fundamentally different -- markets and games. Shapley and Shubik (1969) demonstrates that: (1) games derived from markets with … concave utility functions generate totally balanced games where the players in the game are the participants in the economy …

The equivalence of markets and games concerns the relationship between two sorts of structures that appear … fundamentally different -- markets and games. Shapley and Shubik (1969) demonstrates that: (1) games derived from markets with … concave utility functions generate totally balanced games where the players in the game are the participants in the economy …

them today. Along with about 80 articles, Mertens's topics go from the formulation of Bayesian decision making in games … others, the selection of Nash equilibria in noncooperative games, the existence of solutions for stochastic games and the … extension of the Shapley value in cooperative games with infinitely many negligible agents. …

related system of games that explicitly models the underlying cooperative process.Specific solution concepts are proposed. …

This paper analyzes processing problems and related cooperative games.In a processing problem there is a finite set of … game summarizes the minimal joint costs for every coalition.It turns out that processing games are totally balanced …

This paper analyzes the compromise social choice correspondence derived from the F-value of digraph games.Among other …

In this paper we introduce a new family of compromise solutions for the class of compromise admissible games …

function form games.The concepts and axioms, related to the consensus value, are extended.This value is characterized as the … consensus value is discussed.Finally, two applications of the consensus value are given: one is for oligopoly games in partition …

In this paper we study hedonic games where each player views every other player either as a friend or as an enemy … games.Moreover, an element of the strong core under friends appreciation can be found in polynomial time, while finding an …

This paper introduces fixed tree games with repeated players (FRP games) which are a generalization of standard fixed … tree games.This generalization consists in allowing players to be located in more than one vertex.As a consequence, these … players can choose among several ways of connection with the root.In this paper we show that FRP games are balanced …