Consider the cooperative coalition games with side payments. Bargaining sets are calculated for all possible coalition structures to obtain a collection of imputations rather than single imputation. Our aim is to obtain a single payoff vector, which is acceptable by all players of the game under...

Lucas [Lucas, Robert, E., Jr. (1976), "Econometric Policy Evaluation: A Critique", Carnegie-Rochester Conference Series on Public Policy, 1, pp 19-46] had argued that interventionist macroeconomics policies may fail because policies themselves affect the optimal behaviour of private agents and...

Prolonged worldwide economic depression forces some economists and policy makers to demand tougher regulation to protect their domestic economy. If implemented, this may lead to a high-tariff regime that ruled the pre-globalised world economy. This paper examines the consequences of a tariff...