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This paper applies n-person cooperative game theory to analyze the efficient cost allocation problem of a three communities contructing a common sewage system.
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Multi-choice games and fuzzy games both deal with the situations where the players have more than two participants levels. Two values have been proposed for the multi-choice games: Hsiao-Raghavan (1993) and Nouweland et al. (1995). The former one depends on an arbitrarily given weight, and Hsia...
Persistent link: https://www.econbiz.de/10005625452
Social conventions and norms can be modeled as equilibria of coordination games. it is argued that the critical mass necessary for a society to move from one convention, that is from one equilibrium, to another changes correspondingly with changes in the population structure due to generation...
Persistent link: https://www.econbiz.de/10005625455