Value Solutions In Cooperative Games

Download or read book Value Solutions In Cooperative Games written by Roger A Mccain and published by World Scientific. This book was released on 2013-03-07 with total page 236 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.