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This article describes the basic elements of the cooperative approach to game theory, one of the two counterparts of the discipline. After the presentation of some basic definitions, the focus will be on the core and the Shapley value, two of the most central solution concepts in cooperative...
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We analyze the power of the countries in the decisional mechanism of the European Council along an evolutionary path from the old conventional votes mechanism prevailing in the 15-countries European Union via the rules defined in the Nice treaty for various possible enlargements to the future...
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This paper examines game theoretic models of coordination conventions. Firstly, the paper shows that static models of coordination cannot explain the emergence of coordination conventions. The best interpretation of these models is that they study the conditions under which coordination is...
Persistent link: https://www.econbiz.de/10005616791
polymorphic networks can emerge with a center of cooperators and a periphery of defectors. Any stochastically stable state has at …
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