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Implementing cooperative solution concepts : a generalized bidding approach Author info | Abstract | Publisher info | Download info | Related research | Statistics Ju, Yuan
Wettstein, David (Tilburg University, Center for Economic Research)
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This paper provides a framework for implementing and comparing several solution concepts for transferable utility cooperative games. We construct bidding mechanisms where players bid for the role of the proposer. The mechanisms differ in the power awarded to the proposer. The Shapley, consensus and equal surplus values are implemented in subgame perfect equilibrium outcomes as power shifts away from the proposer to the rest of the players. Moreover, an alternative informational structure where these solution concepts can be implemented without imposing any conditions of the transferable utility game is discussed as well.
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Paper provided by Tilburg University, Center for Economic Research in its series Discussion Paper with number
42.
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Date of creation: 2006Date of revision:
Handle: RePEc:dgr:kubcen:200642Contact details of provider: Web page: http://center.uvt.nl
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Find related papers by JEL classification: C71 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Cooperative Games C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games D62 - Microeconomics - - Welfare Economics - - - Externalities
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Full
references Cited by : (explanations , Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.)
Yuan Ju & Peter Borm & Pieter Ruys, 2007.
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07-062/1, Tinbergen Institute.
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Yuan Ju & Peter Borm, 2006.
"A Non-cooperative Approach to the Compensation Rules for Primeval Games ,"
Keele Economics Research Papers
KERP 2006/18, Centre for Economic Research, Keele University.
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