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Equilibrium Solution in a Game between a Cooperative and its Members

Author

Listed:
  • Cesarino Bertini

    (University of Bergamo, Department of Mathematics, Statistics, Informatics and Applications, Bergamo, Italy)

  • Gianfranco Gambarelli

    (University of Bergamo, Department of Mathematics, Statistics, Informatics and Applications, Bergamo, Italy)

  • Antonino Scarelli

    (University of Tuscia, Department of Ecology and Sustainable Economic Development, Viterbo, Italy)

  • Zoltán Varga

    (Szent István University, Institute of Mathematics and Informatics, Gödöllö, Hungary)

Abstract

In the paper a game-theoretical model is set up to describe the conflict situation in which the members of a marketing cooperative may take advantage of an external market price, higher than that offered by the cooperative. Under appropriate conditions on the penalty strategy of the cooperative, the faithfulness of all members will provide a Nash equilibrium for the considered game, which at the same time also is an attractive solution, with the cooperative as a distinguished player.

Suggested Citation

  • Cesarino Bertini & Gianfranco Gambarelli & Antonino Scarelli & Zoltán Varga, 2011. "Equilibrium Solution in a Game between a Cooperative and its Members," Czech Economic Review, Charles University Prague, Faculty of Social Sciences, Institute of Economic Studies, vol. 5(2), pages 162-171, August.
    • Handle: RePEc:fau:aucocz:au2011_162
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    Citations

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    Cited by:

    1. Vito Fragnelli & Gianfranco Gambarelli, 2014. "Further open problems in cooperative games," Operations Research and Decisions, Wroclaw University of Science and Technology, Faculty of Management, vol. 24(4), pages 51-62.

    More about this item

    Keywords

    Cooperatives; Game Theory; Nash equilibria;
    All these keywords.

    JEL classification:

    • C02 - Mathematical and Quantitative Methods - - General - - - Mathematical Economics
    • C70 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - General
    • Q13 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Markets and Marketing; Cooperatives; Agribusiness

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