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Author: Holger I. Meinhardt Publisher: Springer Science & Business Media ISBN: 3642561365 Category : Business & Economics Languages : en Pages : 212
Book Description
The monograph gives a theoretical explanation of observed cooperative behavior in common pool situations. The incentives for cooperative decision making are investigated by means of a cooperative game theoretical framework. In a first step core existence results are worked out. Whereas general core existence results provide us with an answer for mutual cooperation, nothing can be said how strong these incentives and how stable these cooperative agreements are. To clarify these questions the convexity property for common pool TU-games in scrutinized in a second step. It is proved that the convexity property holds for a large subclass of symmetrical as well as asymmetrical cooperative common pool games. Core existence and the convexity results provide us with a theoretical explanation to bridge the gap between the observation in field studies for cooperation and the noncooperative prediction that the common pool resource will be overused and perhaps endangered.
Author: Holger I. Meinhardt Publisher: Springer Science & Business Media ISBN: 3642561365 Category : Business & Economics Languages : en Pages : 212
Book Description
The monograph gives a theoretical explanation of observed cooperative behavior in common pool situations. The incentives for cooperative decision making are investigated by means of a cooperative game theoretical framework. In a first step core existence results are worked out. Whereas general core existence results provide us with an answer for mutual cooperation, nothing can be said how strong these incentives and how stable these cooperative agreements are. To clarify these questions the convexity property for common pool TU-games in scrutinized in a second step. It is proved that the convexity property holds for a large subclass of symmetrical as well as asymmetrical cooperative common pool games. Core existence and the convexity results provide us with a theoretical explanation to bridge the gap between the observation in field studies for cooperation and the noncooperative prediction that the common pool resource will be overused and perhaps endangered.
Author: S. Huck Publisher: Springer ISBN: 0230523374 Category : Business & Economics Languages : en Pages : 359
Book Description
This volume contains sixteen original articles documenting recent progress in understanding strategic behaviour. In their variety they reflect an entire spectrum of coexisting approaches: from orthodox game theory via behavioural game theory, bounded rationality and economic psychology to experimental economics. There are plenty of new models and insights but the book also illustrates the boundaries of what we know today and explains the frontiers of tomorrow. The articles were written in honour of Werner Güth.
Author: Anders Biel Publisher: Springer Science & Business Media ISBN: 0387725962 Category : Social Science Languages : en Pages : 298
Book Description
Readers need look no further if they seeking an edited volume compiled to present the latest developments in the field of social dilemma research. Social dilemmas are situations when there is a conflict between self-interest and collective interest. This work examines under what circumstances people make decisions that are in line with the collective interest as well as investigating what can increase the likelihood of cooperation. Three man sections mirror the different levels of analysis: individual, group, and societal.
Author: Holger Ingmar Meinhardt Publisher: Springer Science & Business Media ISBN: 364239549X Category : Mathematics Languages : en Pages : 270
Book Description
This present book provides an alternative approach to study the pre-kernel solution of transferable utility games based on a generalized conjugation theory from convex analysis. Although the pre-kernel solution possesses an appealing axiomatic foundation that lets one consider this solution concept as a standard of fairness, the pre-kernel and its related solutions are regarded as obscure and too technically complex to be treated as a real alternative to the Shapley value. Comprehensible and efficient computability is widely regarded as a desirable feature to qualify a solution concept apart from its axiomatic foundation as a standard of fairness. We review and then improve an approach to compute the pre-kernel of a cooperative game by the indirect function. The indirect function is known as the Fenchel-Moreau conjugation of the characteristic function. Extending the approach with the indirect function, we are able to characterize the pre-kernel of the grand coalition simply by the solution sets of a family of quadratic objective functions.
Author: Don Grundel Publisher: Springer Science & Business Media ISBN: 3540482717 Category : Business & Economics Languages : en Pages : 408
Book Description
Because of the clearly important role cooperative systems play in areas such as military sciences, biology, communications, robotics, and economics, just to name a few, the study of cooperative systems has intensified. This book provides an insight in the basic understanding of cooperative systems as well as in theory, modeling, and applications of cooperative control, optimization and related problems.
Author: Andrea Consiglio Publisher: Springer Science & Business Media ISBN: 3540731350 Category : Business & Economics Languages : en Pages : 277
Book Description
This volume features contributions to agent-based computational modeling from the social sciences and computer sciences. It presents applications of methodologies and tools, focusing on the uses, requirements, and constraints of agent-based models used by social scientists. Topics include agent-based macroeconomics, the emergence of norms and conventions, the dynamics of social and economic networks, and behavioral models in financial markets.
Author: Norman Ehrentreich Publisher: Springer Science & Business Media ISBN: 3540738797 Category : Business & Economics Languages : en Pages : 238
Book Description
This book reconciles the existence of technical trading with the Efficient Market Hypothesis. By analyzing a well-known agent-based model, the Santa Fe Institute Artificial Stock Market (SFI-ASM), it finds that when selective forces are weak, financial evolution cannot guarantee that only the fittest trading rules will survive. Its main contribution lies in the application of standard results from population genetics which have widely been neglected in the agent-based community.
Author: Christopher Suerie Publisher: Springer Science & Business Media ISBN: 3540272909 Category : Technology & Engineering Languages : en Pages : 242
Book Description
Production planning problems containing special characteristics from process industries are addressed in this book. The main subject is the development of mathematical programming models that allow to model production plans which are not disrupted by discretization of time. However, discrete time models are used as a basis and are subsequently enhanced to include aspects of time continuity. Their integration is achieved by different building blocks which may be combined freely according to the specific planning situation at hand. The primary area of application of these kinds of models are process industries.
Author: Reto Foellmi Publisher: Springer Science & Business Media ISBN: 354028513X Category : Business & Economics Languages : en Pages : 161
Book Description
This book offers a novel perspective that allows to incorporate changing consumption and production structure into models of economic growth. Starting from the empirical observation that income and consumption structure are closely related, it develops a tractable theoretical framework which enables to analyze macroeconomic models consistent with these empirical facts. As a result, central macroeconomic phenomena are better understood: the reasons behind long-run growth, structural change, and the influence of inequality on innovations and growth.
Author: Holger I. Meinhardt
Author: Holger I. Meinhardt
Author: Holger I Meinhardt
Author: S. Huck
Author: Anders Biel
Author: Holger Ingmar Meinhardt
Author: Don Grundel
Author: Andrea Consiglio
Author: Norman Ehrentreich
Author: Christopher Suerie
Author: Reto Foellmi