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Value Solutions in Cooperative Games

Author Roger A McCain
Publisher World Scientific Publishing Company
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95.00 USD
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Book Details
ISBN / ASIN9814417394
ISBN-139789814417396
AvailabilityUsually ships in 24 hours
Sales Rank4,774,898
MarketplaceUnited States 🇺🇸

Description

This book introduces new concepts for cooperative game theory, and particularly solutions that determine the distribution of a coalitional surplus among the members of the coalition. It also addresses several generalizations of cooperative game theory. Drawing on methods of welfare economics, new value solutions are derived for Non-Transferable Utility games with and without differences of bargaining power among the members of the coalition. Cooperation in intertemporal games is examined, and conditions that permit the reduction of these games to games in coalition function form are outlined. Biform games and games that combine non-cooperative search and matching of coalition members with cooperative solutions (i.e., efficient contracts) within the coalition are considered.

Readership: Graduate students and researchers in the field of game theory.