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A cephoid is an algebraic ('Minkowski') sum of finitely many prisms in R^n. A cephoidal game is an NTU game the feasible sets of which are cephoids. We provide a version of the Shapley NTU value for such games based on the bargaining solution of Maschler-Perles.
Persistent link: https://www.econbiz.de/10010272611
analysis are characterised. On the other hand, practical problems which are not covered by theory are mentioned and evaluated …
Persistent link: https://www.econbiz.de/10011608649
Ambiguity can be used as a strategic device in some situations. To demonstrate this, we propose and study a framework for normal form games where players can use Knightian uncertainty strategically. In such Ellsberg games, players may use Ellsberg urns in addition to the standard objective mixed...
Persistent link: https://www.econbiz.de/10010319976
This article determines the conditions under which the Southern countries should act together, or separately, while negotiating with the North about climate change policy and about the conditions for future Southern engagement. The paper models the international negotiations with complete and...
Persistent link: https://www.econbiz.de/10011325037
We present a model of elections in which interest group donations allow candidates to shift policy positions. We show that if donations were prohibited, then a unique equilibrium regarding the position choices of candidates would exist. With unrestricted financing of political campaigns two...
Persistent link: https://www.econbiz.de/10011753207
Persistent link: https://www.econbiz.de/10012503182
We propose positive and normative foundations for the average prekernel of NTU games, and compare them with the existing ones for the prekernel. In our non-cooperative analysis, the average prekernel is understood as the equilibrium payoffs of a game where each player faces the possibility of...
Persistent link: https://www.econbiz.de/10010318958
This paper investigates how families make decisions about the education of juveniles. The decision problem is analyzed in three variations: a 'decentralized' scheme, in which the parents control the purse-strings, but the children dispose of their time as they see fit; a 'hierarchical' scheme,...
Persistent link: https://www.econbiz.de/10010269937
Persistent link: https://www.econbiz.de/10010270332
-cooperative game theory and the subgame perfect Nash equilibrium as solution concept and compares the non-cooperative outcome with the …
Persistent link: https://www.econbiz.de/10010275262