Displaying similar documents to “Optimal risk sharing as a cooperative game”

The Give and Take game: Analysis of a resource sharing game

Pedro Mariano, Luís Correia (2015)

International Journal of Applied Mathematics and Computer Science

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We analyse Give and Take, a multi-stage resource sharing game to be played between two players. The payoff is dependent on the possession of an indivisible and durable resource, and in each stage players may either do nothing or, depending on their roles, give the resource or take it. Despite these simple rules, we show that this game has interesting complex dynamics. Unique to Give and Take is the existence of multiple Pareto optimal profiles that can also be Nash equilibria, and a...

Coeur et nucléolus des jeux de recouvrement

Nicolas Preux, Fatiha Bendali, Jean Mailfert, Alain Quilliot (2010)

RAIRO - Operations Research

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A cooperative game is defined as a set of players and a cost function. The distribution of the whole cost between the players can be done using the core concept, that is the set of all undominated cost allocations which prevent players from grouping. In this paper we study a game whose cost function comes from the optimal solution of a linear integer covering problem. We give necessary and sufficient conditions for the core to be nonempty and characterize its allocations using linear...

Modeling shortest path games with Petri nets: a Lyapunov based theory

Julio Clempner (2006)

International Journal of Applied Mathematics and Computer Science

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In this paper we introduce a new modeling paradigm for shortest path games representation with Petri nets. Whereas previous works have restricted attention to tracking the net using Bellman's equation as a utility function, this work uses a Lyapunov-like function. In this sense, we change the traditional cost function by a trajectory-tracking function which is also an optimal cost-to-target function. This makes a significant difference in the conceptualization of the problem domain,...