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On benefits of cooperation under strategic power

M. G. Fiestras-Janeiro (), I. García-Jurado (), A. Meca () and M. A. Mosquera ()
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M. G. Fiestras-Janeiro: Universidade de Vigo
I. García-Jurado: Universidade da Coruña
A. Meca: Universidad Miguel Hernández de Elche
M. A. Mosquera: Universidade de Vigo

Annals of Operations Research, 2020, vol. 288, issue 1, No 11, 285-306

Abstract: Abstract We introduce a new model involving TU-games and exogenous structures. Specifically, we consider that each player in a population can choose an element in a strategy set and that, for every possible strategy profile, a TU-game is associated with the population. This is what we call a TU-game with strategies. We propose and characterize the maxmin procedure to map every game with strategies to a TU-game. We also study whether or not the relevant properties of TU-games are transmitted by applying the maxmin procedure. Finally, we examine two relevant classes of TU-games with strategies: airport and simple games with strategies.

Keywords: Game theory; Cooperative games; Maxmin procedure; Strategies; Airport games; Simple games (search for similar items in EconPapers)
Date: 2020
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DOI: 10.1007/s10479-019-03495-6

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