In the last two decades or so, a significant emphasis of the research literature in operations management has been on the strategic interaction of firms in a supply chain. Individual firms in supply chains make decisions on multiple levers such as capacity, inventory and price, to name a few,...

Seller reputation is an important asset because buyers often choose sellers on the basis of their reputation. This is particularly true when the quality of the good or service transacted is hard to measure and the parties cannot perfectly contract on the outcome of the transaction. As a...

This paper reports the implications of the current state of the art on the science of strategic behavior for the national treatment of different kinds of international environmental public good. While many environmental public goods are managed through multilateral environmental agreements aimed...

Tuna fisheries in the western and central Pacific Ocean are important globally for both food and economic security. Yellowfin and bigeye tuna stocks in this region are declining, in part due to the juvenile bycatch of these species by the purse seine fishery using floating objects and fish...

International agreements are necessary for exclusion of non-cooperative behavior. We parameterized an age-structured model for the North Sea herring fishery. The reference points of the current harvest control rule operationalize the precautionary approach. Applying the precautionary approach by...

Weighted values of non-atomic games were introduced by Hart and Monderer. These values have been studied by using three approaches: the potential, the asymptotic and the random order approach. In this study we analyze the axiomatic approach for one class of weight functions: the set of players...

The aim of this note is to provide a unified theory of all compromise values defined as the τ-value in cooperative game theory. The so-called covariance property plays a crucial role in our approach and, related to this property, a family of covariant compromise values is introduced. The...

The aim of this paper consists of constructing accessibility measures to the nodes of directed graphs using methods of Game Theory. Since digraphs without a predefined game are considered, the main part of the paper is devoted to establish conditions on cooperative games so that they can be used...

We analyse a non-zero sum two-person game introduced by Teraoka and Yamada to model the strategic aspects of production development in manufacturing. In particular we investigate how sensitive their solution concept (Nash equilibrium) is to small variations in their assumptions. It is proved...

The main goal of monetary authority is to create a stable output and price level in the economy. Policies to be used depend upon the relative weights of above goals for the monetary authority. Also, the expectations of other economic institutions are important for policy determination. Within...