The insurance situation in which an enormous risk is insured by a number of insurance companies is modeled through a cooperative TU game, the so-called co-insurance game, first introduced in Fragnelli and Marina (2004). In this paper we present certain conditions on the parameters of the model...

We consider a von Neumann–Morgenstern market game and present a simple expression for the Shapley value via decomposition as the difference of an airport game and an extended airport game. The resulting formula has a useful interpretation for designing an allocation procedure among the agents.

Description of the papers presented in 2014/Vol. 24/No. 4

In 2013, the International Game Theory Review published two special issues on open problems in cooperative games: the first regarding theory (Fragnelli and Gambarelli, 2013a) and the second applications (Fragnelli and Gambarelli, 2013b). In this paper, our aim is to present some problems...

This book summarises the latest achievements of researchers involved in the application of game theory to the analysis of environmental matters. It provides an overview of different methods and applications, and gives the reader new insights on the solutions to complex environmental problems....