Essays in Cooperative Game Theory and Public Finance

Essays in Cooperative Game Theory and Public Finance
Author: Akram Temimi
Publisher:
Total Pages: 118
Release: 1996
Genre:
ISBN:

This dissertation is divided into three essays. The first essay focuses on the question of enfranchisement of groups of individuals. Existing research work in the area has not adequately addressed this question. Indeed, previous analyses have focused on the value of a vote for a single individual. We considered a totally different approach whereby the central players are groups of individuals rather than single individuals. Within this framework, we have provided an answer to the question as to why groups of individuals struggle to gain the right to vote. We also provided an explanation of why the group in power may voluntarily extend the franchise to groups which have conflicting preferences. The second essay introduces the concept of coalition structure value to differential information economies. This extends the work of Krasa and Yannelis (1994) who introduced the concept of private value allocation to measure the information superiority of agents in an economy with differential information. The coalition structure value allows us to analyze the implications of coalition structures on the value of information. Contrary to our expectations, we found that the bargaining strength of an agent with superior information does not decrease if the rest of the agents collude and bargain as a unit with him. This is in sharp contrast to the one seller and two buyers example in full information economies where the buyers are better off if they bargain as a unit with the seller. The third paper generalizes the crowding types model introduced by Conley and Wooders (1994a) by allowing variable usage of local public goods within jurisdictions. We investigate the possibility of anonymous decentralizations of core allocations. It turns out that it is possible to decentralize core allocations with anonymous admission prices. However these prices are infinite dimensional. This leads us to investigate Lindahl decentralization. While it is possible to get nonanonymous Lindahl decentralization, the core is generally larger than the set of anonymous Lindahl equilibria.

Essay in Cooperative Games

Essay in Cooperative Games
Author: Gianfranco Gambarelli
Publisher: Springer Science & Business Media
Total Pages: 241
Release: 2013-06-05
Genre: Business & Economics
ISBN: 1402029365

Essays on Cooperative Games collates selected contributions on Cooperative Games. The papers cover both theoretical aspects (Coalition Formation, Values, Simple Games and Dynamic Games) and applied aspects (in Finance, Production, Transportation and Market Games). A contribution on Minimax Theorem (by Ken Binmore) and a brief history of early Game Theory (by Gianfranco Gambarelli and Guillermo Owen) are also enclosed.

Essays on Game Theory

Essays on Game Theory
Author: The late John F. Nash
Publisher: Edward Elgar Publishing
Total Pages: 116
Release: 1996-01-01
Genre: Business & Economics
ISBN: 9781781956298

'This short volume is very welcome . . . Most importantly, on pages 32-33, the volume reprints as an appendix to the journal article based on Nash's Princeton doctoral dissertation on non-cooperative games a section of the thesis on "motivation and interpretation" that was omitted from the article. An editorial note remarks mildly that "The missing section is of considerable interest". This section, not available in any other published source, makes the present volume indispensable for research libraries . . . Nash's Essays on Game Theory, dating from his years as a Princeton graduate student . . . has a lasting impact on economics and related fields unmatched by any series of articles written in such a brief time . . . To economists, his name will always bring to mind his game theory papers of the early 1950s. It is good to have these conveniently reprinted in this volume.' - Robert W. Dimand, The Economic Journal 'The news that John Nash was to share the 1994 Nobel Prize for Economics with John Harsanyi and Reinhard Selten was doubly welcome. It signalled not only that the brilliant achievements of his youth were to be recognized in a manner consistent with their significance, but that the long illness that clouded his later years had fallen into remission. I hope that this collection of his economic papers will serve as another reminder that John Nash has rejoined the intellectual community to which he has contributed so much.' - From the introduction by Ken Binmore Essays on Game Theory is a unique collection of seven of John Nash's essays which highlight his pioneering contribution to game theory in economics. Featuring a comprehensive introduction by Ken Binmore which explains and summarizes John Nash's achievements in the field of non-cooperative and cooperative game theory, this book will be an indispensable reference for scholars and will be welcomed by those with an interest in game theory and its applications to the social sciences.

Game Theory and Economic Behaviour

Game Theory and Economic Behaviour
Author: Reinhard Selten
Publisher: Edward Elgar Publishing
Total Pages: 0
Release: 1999
Genre: Economics, Mathematical
ISBN: 9781858988726

This two-volume set provides an overview of the work of Selten, the Nobel Prize winner who refined the Nash equilibrium concept of non- cooperative games for analyzing dynamic strategic interaction and applied these concepts to analyses of oligopoly. Twenty-five essays discuss topics including axiomatic characterizations, learning, political and social interaction, theories of oligopolistic competition, oligopoly experiments, and bilateral and coalition bargaining. Lacks a subject index. Annotation copyrighted by Book News, Inc., Portland, OR

Introduction to the Theory of Cooperative Games

Introduction to the Theory of Cooperative Games
Author: Bezalel Peleg
Publisher: Springer Science & Business Media
Total Pages: 336
Release: 2007-08-15
Genre: Business & Economics
ISBN: 3540729453

This book systematically presents the main solutions of cooperative games: the core, bargaining set, kernel, nucleolus, and the Shapley value of TU games as well as the core, the Shapley value, and the ordinal bargaining set of NTU games. The authors devote a separate chapter to each solution, wherein they study its properties in full detail. In addition, important variants are defined or even intensively analyzed.

A Course on Cooperative Game Theory

A Course on Cooperative Game Theory
Author: Satya R. Chakravarty
Publisher: Cambridge University Press
Total Pages: 277
Release: 2015-02-09
Genre: Business & Economics
ISBN: 1107058791

"Deals with real life situations where objectives of the participants are partially cooperative and partially conflicting"--

The Theory of Externalities and Public Goods

The Theory of Externalities and Public Goods
Author: Wolfgang Buchholz
Publisher: Springer
Total Pages: 325
Release: 2017-03-20
Genre: Business & Economics
ISBN: 3319494422

This state-of-the art collection of papers analyses various aspects of the theory of externalities and public goods. The contributions employ new analytical techniques like the aggregative game approach, and discuss the philosophical underpinnings of the theory. Furthermore, they highlight a range of topical empirical applications including climate policy and counterterrorism. This contributed volume was written in memory of Richard C. Cornes, a pioneer in the theory of externalities and public goods.