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Coopetitive game solutions for the eurozone economy

Author

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  • Carfì, D.
  • Magaudda, M.
  • Schilirò, D.

Abstract

This paper aims at providing, through a game theory model of coopetition, feasible solutions in a cooperative perspective to the problems that affect the Eurozone economy after the Greek crisis. In particular, it focuses on stability and growth as the primary goals, which should drive the Eurozone economy in consequence of the financial and economic crisis of the Greek economy with its effects throughout the Euro area. By means of two coopetitive models derived by an original general analytical framework of coopetition, we show in our paper the strategies that could bring to feasible solutions in a cooperative perspective between Germany and Greece, where these feasible solutions aim at “sharing the pie fairly”, by offering a win-win outcome for both countries, within a growth path represented by a non-zero sum game. A remarkable analytical result of the paper consists in the determination of the winwin solution by a new selection method on the transferable utility Pareto boundary of the coopetitive game.

Suggested Citation

  • Carfì, D. & Magaudda, M. & Schilirò, D., 2010. "Coopetitive game solutions for the eurozone economy," MPRA Paper 26541, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:26541
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    File URL: https://mpra.ub.uni-muenchen.de/26541/1/MPRA_paper_26541.pdf
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    References listed on IDEAS

    as
    1. Daniele Schilirò, 2010. "Jean Pisani-Ferry and Adam S. Posen. 2009. The Euro at Ten: The next global currency? (Washington D.C.: Peterson Institute for International Economics, Bruegel)," The Review of International Organizations, Springer, vol. 5(1), pages 101-105, March.
    2. Stephan Danninger & Fred Joutz, 2008. "What Explains Germany's Rebounding Export Market Share?," CESifo Economic Studies, CESifo, vol. 54(4), pages 681-714, December.
    3. Olivier Blanchard & Giovanni Dell’Ariccia & Paolo Mauro, 2010. "Rethinking Macroeconomic Policy," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 42(s1), pages 199-215, September.
    4. Daniele Schilirò, 2010. "Investing in Knowledge: Knowledge, Human Capital and Institutions for the Long Run Growth," Chapters, in: Maarten J. Arentsen & Wouter van Rossum & Albert E. Steenge (ed.), Governance of Innovation, chapter 3, Edward Elgar Publishing.
    5. Alberto Alesina & Silvia Ardagna, 2010. "Large Changes in Fiscal Policy: Taxes versus Spending," NBER Chapters, in: Tax Policy and the Economy, Volume 24, pages 35-68, National Bureau of Economic Research, Inc.
    6. Jacob Funk Kirkegaard, 2010. "In Defense of Europe's Grand Bargain," Policy Briefs PB10-14, Peterson Institute for International Economics.
    7. Adam S. Posen & Jean-Pisani Ferry (ed.), 2009. "Euro at Ten: The Next Global Currency?, The," Peterson Institute Press: All Books, Peterson Institute for International Economics, number 4303, July.
    8. Jean Pisani-Ferry & Adam Posen, . "The euro at ten- the next global currency?," Books, Bruegel, number 303.
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    Citations

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    Cited by:

    1. Carfì, David & Trunfio, Alessandra, 2011. "A non-linear coopetitive game for global green economy," MPRA Paper 32036, University Library of Munich, Germany.
    2. David CARFI & Caterina FICI, 2012. "The Government-Taxpayer Game," Theoretical and Practical Research in the Economic Fields, ASERS Publishing, vol. 3(1), pages 13-25.
    3. Carfì, David & Schilirò, Daniele, 2011. "Coopetitive games and global green economy," MPRA Paper 32035, University Library of Munich, Germany.
    4. Carfì, David & Schilirò, Daniele, 2012. "A coopetitive model for the green economy," Economic Modelling, Elsevier, vol. 29(4), pages 1215-1219.

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    More about this item

    Keywords

    Eurozone Economy; Coopetition; Game Theory;
    All these keywords.

    JEL classification:

    • F40 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - General
    • C71 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Cooperative Games

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