This paper examines the complexity of the current negotiations to avert climate change under the United Nations Framework Convention on Climate Change. Drawing on economic game theory modelling, it interprets the latest developments within the international negotiations and provides a political...

We present the first general positive result on the construction of collusion-resistant mechanisms, that is, mechanisms that guarantee dominant strategies even when agents can form arbitrary coalitions and exchange compensations (sometimes referred to as transferable utilities or side payments)....

For our experiment on corruption, we designed a coordination game to model the influence of risk attitudes, beliefs, and information on behavioral choices and determined the equilibria. We observed that the risk attitude of the participant failed to explain their choices between corrupt and...

This paper investigates the pricing and production game in a decentralized assembly system that consists of one assembler and two independent suppliers. One supplier is able to exert the push contract on the assembler so as to transfer all his inventory risk, while the other supplier has to...

Retailers have an incentive to cooperate in the form of group buying (GB) when a supplier provides quantity discounts, because wholesale price under GB depends on total purchasing quantity rather than individual purchasing (IP) quantity. Most previous studies on GB focus on the benefits that...

In this paper, we develop a newsvendor model in which the retailer gives “free” gift cards to consumers who purchase a regularly priced product at the end of the selling season instead of discounting the product. The model is developed for a market with patient consumers. We derive the...

In this paper we study situations where a group of agents require a service that can only be provided from a source, the so-called source connection problems. These problems contain the standard fixed tree, the classical minimum spanning tree and some other related problems such as the k-hop,...

This paper analyzes situations in which a project consisting of several activities is not realized according to plan. If the project is expedited, a reward arises. Analogously, a penalty arises if the project is delayed. This paper considers the case of arbitrary nondecreasing reward and penalty...

In this paper we study cooperative games with fuzzy payoffs. The main advantage of the approach presented is the incorporation into the analysis of the problem of ambiguity inherent in many real-world collective decision situations. We propose extensions of core concepts which maintain the fuzzy...

everal new families of semivalues for weighted n-person transferable utility games are axiomatically constructed and discussed under increasing collections of axioms, where the weighted Shapley value arises as the resulting one member family. A more general approach to such weighted games...