In this note, we apply weighted hierarchical games of cooperative game theory to the problem of optimal firm size of the firm. In particular, we analyze the influence of production technology on the size of the firm. Our note enhances previous approaches using a permission structure with equally...

In this paper, we employ the coalition structure approach of cooperative game theory to analyse three problems. First, we group local authorities in special purpose associations in an optimal way. Second, we use the PCore (Casajus, A, Tutic, A (<CitationRef CitationID="CR4">2007</CitationRef>) <ExternalRef> <RefSource>http://www.uni-leipzig.de/~micro/pcore.pdf</RefSource> <RefTarget Address="http://www.uni-leipzig.de/~micro/pcore.pdf" TargetType="URL"/>...</refsource></externalref></citationref>

In this note, we enhance the analysis done by Auer and Hiller (Int J Finance Econ 24(2):884–889, 2019; Manag Decis Econ 42(4):876–884, 2021). Whereas their articles uses several simulation settings to illustrate that cooperative game theory may have the potential to solve the low-risk puzzle, we...

Abstract In this note, we enhance the analysis done by Auer and Hiller (Int J Finance Econ 24(2):884–889, 2019; Manag Decis Econ 42(4):876–884, 2021). Whereas their articles uses several simulation settings to illustrate that cooperative game theory may have the potential to solve the low-risk...