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Lignite price negotiation between opencast mine and power plant as a two-stage, two-person, cooperative, non-zero sum game. Based on the simple model of the lignite deposit the methodology of finding the optimal solution for bilateral monopoly (BM) of lignite mine and power plant is shown taking...
Persistent link: https://www.econbiz.de/10005789284
We present a new methodology to study how upstream (e.g. producers) and downstream (e.g. transiters) players form coalitions, bargain over joint profit sharing and invest. Within coalitions players combine resources, coalitions compete on a market. Profit of each coalition depends on the...
Persistent link: https://www.econbiz.de/10005789461
In this paper, we study the long-played, yet until now unmodeled, college admissions game over early admissions plans using a many-to-one matching framework. We characterize the equilibrium strategies of each college involving its early quota out of its total capacity, and the set of admissible...
Persistent link: https://www.econbiz.de/10005789464
The main aim of the article is to compare the power of the Czech representatives in the European Parliament with the power of representatives from other countries, and to compare the power of the Czech political parties in the Lower House of the Czech Parliament with the power of parties’...
Persistent link: https://www.econbiz.de/10005789523
In this paper we consider cooperative graph games being TU-games in which players cooperate if they are connected in … axiom of T - hierarchy on the class of all graph games with a fixed communication graph. We also establish that the set of …
Persistent link: https://www.econbiz.de/10005789608
Attribution of economic joint effects is achieved with a random order model of their relative importance. Random order consistency and elementary axioms uniquely identify linear and proportional marginal attribution. These are the Shapley (1953) and proportional (Feldman (1999, 2002) and Ortmann...
Persistent link: https://www.econbiz.de/10005789768
each player. An elaboration on the Shapley value that assigns, to characteristic function games, a "partition function …" outcome is broadly established and accepted, but elaborations to encompass games with externalities (represented by partition …") obtains a unique Shapley-type value for games in partition function form. The key requirement is that the "Extended …
Persistent link: https://www.econbiz.de/10005790052
It was shown earlier that the class of algorithmically computable simple games (i) includes the class of games that … have finite carriers and (ii) is included in the class of games that have finite winning coalitions. This paper … characterizes computable games, strengthens the earlier result that computable games violate anonymity, and gives examples showing …
Persistent link: https://www.econbiz.de/10005790276
Using a three countries model with flexible exchange rates, this study tries to analyze the situation in an asymmetric monetary area around a big country. The model consider a stochastic framework where the monetary policy is used to stabilize the inflation and the current account. The monetary...
Persistent link: https://www.econbiz.de/10005790434
For the hypothetical deposit with parameters similar to KWB “Konin” S.A. conditions; lignite prices and proposed divisions are calculated and results were discussed under the angle of the fairness (equity) of the division and the possibility of their approval by both sides. A sensitivity...
Persistent link: https://www.econbiz.de/10005790457