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On benefits of cooperation under strategic power

Author

Listed:
  • M. G. Fiestras-Janeiro

    (Universidade de Vigo)

  • I. García-Jurado

    (Universidade da Coruña)

  • A. Meca

    (Universidad Miguel Hernández de Elche)

  • M. A. Mosquera

    (Universidade de Vigo)

Abstract

We introduce a new model involving TU-games and exogenous structures. Specifically, we consider that each player in a population can choose an element in a strategy set and that, for every possible strategy profile, a TU-game is associated with the population. This is what we call a TU-game with strategies. We propose and characterize the maxmin procedure to map every game with strategies to a TU-game. We also study whether or not the relevant properties of TU-games are transmitted by applying the maxmin procedure. Finally, we examine two relevant classes of TU-games with strategies: airport and simple games with strategies.

Suggested Citation

  • M. G. Fiestras-Janeiro & I. García-Jurado & A. Meca & M. A. Mosquera, 2020. "On benefits of cooperation under strategic power," Annals of Operations Research, Springer, vol. 288(1), pages 285-306, May.
    • Handle: RePEc:spr:annopr:v:288:y:2020:i:1:d:10.1007_s10479-019-03495-6
    DOI: 10.1007/s10479-019-03495-6
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