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This paper extends the recent literature on equilibria with coordination failures to arbitrary convex sets of admissible prices.We introduce a new equilibrium concept, called quantity constrained equilibrium (QCE), giving a uni.ed treatment to all cases considered in the literature so far.At a...
Persistent link: https://www.econbiz.de/10011092750
Persistent link: https://www.econbiz.de/10011092774
AMS classification: 90B18; 91A12; 91A43;
Persistent link: https://www.econbiz.de/10011090586
Abstract: In the literature various models of games with restricted cooperation can be found. In those models, instead of allowing for all subsets of the set of players to form, it is assumed that the set of feasible coalitions is a proper subset of the power set of the set of players. In this...
Persistent link: https://www.econbiz.de/10011090663
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In this paper we generalize the concept of a non-transferable utility game by introducing the concept of a socially structured game.A socially structured game is given by a set of players, a possibly empty collection of internal organizations on any subset of players, for any internal...
Persistent link: https://www.econbiz.de/10011091448
We consider cooperative games with transferable utility (TU-games), in which we allow for a social structure on the set of players, for instance a hierarchical ordering or a dominance relation.The social structure is utilized to refine the core of the game, being the set of payoffs to the...
Persistent link: https://www.econbiz.de/10011091453
AMS classifications: 54H25, 65K10, 49J53, 68W25
Persistent link: https://www.econbiz.de/10011091823
By a cooperative game in coalitional structure or shortly coalitional game we mean the standard cooperative non-transferable utility game described by a set of payoffs for each coalition that is a nonempty subset of the grand coalition of all players.It is well-known that balancedness is a...
Persistent link: https://www.econbiz.de/10011091897
AMS subject classifications: 90B18, 91A12, 91A43.
Persistent link: https://www.econbiz.de/10011092251