This book presents a systematic overview on partition function form games: a game form in cooperative game theory to integrate externalities for various applications. Cooperative game theory has been immensely useful to study a wide range of issues, but the standard approaches ignore the side effects of cooperation. Recently interest shifted to problems where externalities play the main roles such as models of cooperation in market competition or the shared use of public resources. Such problems require richer models that can explicitly evaluate the side-effects of cooperation. In partition function form games the value of cooperation depends on the outsiders’ actions. A recent surge of interest driven by applications has made results very fragmented. This book offers an accessible, yet comprehensive and systematic study of properties, solutions and applications of partition function games surveying both theoretical results and their applications. It assembles a survey of existing research and smaller original results as well as original interpretations and comparisons. The book is self-contained and accessible for readers with little or no knowledge of cooperative game theory.
Venue: MTA Humán Tudományok Kutatóháza, 1097 Budapest, Tóth Kálmán utca 4. fszt. K13-14. Neszveda Gábor (Corvinus) Aspiration Level, Probability of Success, and Stock Returns: An Empirical Test The probability of achieving the aspiration level, i.e., the probability ... Details »
“Zero-rating and Net Neutrality” was presented by Róbert SOMOGYI at the 24th Spring Meeting of Young Economists in Brussels. conference website Share this:FacebookLinkedInTwitter
“Foreign-owned firms as agents of structural change in regions” by Zoltán ELEKES, Ron BOSCHMA and Balázs LENGYEL was published in Regional Studies. download open access version ... Details »
Wage Structure, Employment and Efficiency was presented by Balázs REIZER at the Royal Economic Society 2019 Annual Conference. conference website Abstract: I document new facts ... Details »