1 option
Cooperative Game Theory and Its Application to Natural, Environmental, and Water Resource Issues : 1. Basic Theory / Parrachino, Irene
World Bank Open Knowledge Repository (formerly "World Bank E-Library Publications") Available online
View online- Format:
- Book
- Government document
- Author/Creator:
- Parrachino, Irene
- Series:
- Policy research working papers.
- World Bank e-Library.
- Language:
- English
- Subjects (All):
- Economic Theory and Research.
- Economics.
- Efficiency.
- Environment.
- Environmental.
- Environmental Amenities.
- Environmental Economics and Policies.
- Environmental Issues.
- Environmental Problems.
- Environmental Resources.
- Equity.
- Expectations.
- Labor Policies.
- Macroeconomics and Economic Growth.
- Models.
- Natural Resources.
- Outcomes.
- Production.
- Property.
- Social Protections and Labor.
- Supply.
- Taking.
- Utility Functions.
- Values.
- Water.
- Local Subjects:
- Economic Theory and Research.
- Economics.
- Efficiency.
- Environment.
- Environmental.
- Environmental Amenities.
- Environmental Economics and Policies.
- Environmental Issues.
- Environmental Problems.
- Environmental Resources.
- Equity.
- Expectations.
- Labor Policies.
- Macroeconomics and Economic Growth.
- Models.
- Natural Resources.
- Outcomes.
- Production.
- Property.
- Social Protections and Labor.
- Supply.
- Taking.
- Utility Functions.
- Values.
- Water.
- Physical Description:
- 1 online resource (30 pages)
- Place of Publication:
- Washington, D.C., The World Bank, 2006
- System Details:
- data file
- Summary:
- Game theory provides useful insights into the way parties that share a scarce resource may plan their use of the resource under different situations. This review provides a brief and self-contained introduction to the theory of cooperative games. It can be used to get acquainted with the basics of cooperative games. Its goal is also to provide a basic introduction to this theory, in connection with a couple of surveys that analyze its use in the context of environmental problems and models. The main models (bargaining games, transfer utility, and non-transfer utility games) and issues and solutions are considered: bargaining solutions, single-value solutions like the Shapley value and the nucleolus, and multi-value solutions such as the core. The cooperative game theory (CGT) models that are reviewed in this paper favor solutions that include all possible players and ignore the strategic stages leading to coalition building. They focus on the possible results of the cooperation by answering questions such as: Which coalitions can be formed? And how can the coalitional gains be divided to secure a sustainable agreement? An important aspect associated with the solution concepts of CGT is the equitable and fair sharing of the cooperation gains.
The Penn Libraries is committed to describing library materials using current, accurate, and responsible language. If you discover outdated or inaccurate language, please fill out this feedback form to report it and suggest alternative language.