Cooperative Microeconomics


Cooperative Microeconomics
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Cooperative Microeconomics


Cooperative Microeconomics
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Author : Hervé Moulin
language : en
Publisher: Princeton University Press
Release Date : 2014-07-14

Cooperative Microeconomics written by Hervé Moulin and has been published by Princeton University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-07-14 with Mathematics categories.


Over the past fifty years game theory has had a major impact on the field of economics. It was for work in game theory that the 1994 Nobel Prize in Economics was awarded. Although non-cooperative game theory is better known, the theory of cooperative games has contributed a number of fundamental ideas to microeconomic analysis. Cooperative Microeconomics is the definitive textbook on these contributions. Designed to be used by undergraduate and graduate students, the book provides a thorough introduction and overview of its subject. Hervé Moulin distinguishes among three primary modes of cooperation: cooperation by direct agreements; cooperation by just, equitable compromise; and cooperation by decentralized behavior. This tri-modal methodology is applied successively to the exchange of private goods, the fair division of unproduced commodities, the cooperative production of private and public goods, and cost-sharing. Moulin proposes an elementary and self-contained exposition (supplemented by over 125 exercises) of the main cooperative concepts for microeconomic analysis, including core stability, deterministic solutions (such as the Shapley value), and several broad principles of equity (such as the No Envy and Stand Alone tests). The book also covers the most important failures of the decentralized behavior: the tragedy of the commons and the free rider problem in the provision of public goods. Cooperative Microeconomics is the first book of its kind, and it will be widely used in courses in microeconomics and game theory. Originally published in 1995. The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.



The Cooperative Nature Of The Firm


The Cooperative Nature Of The Firm
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Author : Tatsuro Ichiishi
language : en
Publisher: Cambridge University Press
Release Date : 1993-06-17

The Cooperative Nature Of The Firm written by Tatsuro Ichiishi and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1993-06-17 with Business & Economics categories.


A study of price and the organization of firms using game theory and neoclassical economics.



Enterprise Forms And Economic Efficiency


Enterprise Forms And Economic Efficiency
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Author : Kazuhiko Mikami
language : en
Publisher: Routledge
Release Date : 2011-07-01

Enterprise Forms And Economic Efficiency written by Kazuhiko Mikami and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-07-01 with Business & Economics categories.


The book conducts a comparative study on the form of enterprise, focusing on broadly defined cooperative firms in comparison with conventional capitalist firms. It explores the essential advantages and disadvantages of the different types of firms and attempts to answer why capitalist firms are so prevalent in our economy. The book attempts to explain these questions from the viewpoint of "market failure" in the framework of standard microeconomic theory. In this analytical framework, it proposes an alternative system of business organization based upon consumer cooperatives and the market for their memberships, which can coexist consistently with the system of capitalist firms and the stock market within a single market economy. The existing studies of the cooperative sector have been rather ideological. The analytical framework that is presented in this book helps promote scientific exploration of cooperative and other types of firms, which are indispensable and potentially promising constituents of our society.



Models In Cooperative Game Theory


Models In Cooperative Game Theory
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Author : Rodica Branzei
language : en
Publisher: Springer Science & Business Media
Release Date : 2008-03-08

Models In Cooperative Game Theory written by Rodica Branzei and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008-03-08 with Business & Economics categories.


Cooperative game theory is a booming research area with many new developments in the last few years. So, our main purpose when prep- ing the second edition was to incorporate as much of these new dev- opments as possible without changing the structure of the book. First, this o?ered us the opportunity to enhance and expand the treatment of traditional cooperative games, called here crisp games, and, especially, that of multi-choice games, in the idea to make the three parts of the monograph more balanced. Second, we have used the opportunity of a secondeditiontoupdateandenlargethelistofreferencesregardingthe threemodels of cooperative games. Finally, we have bene?ted fromthis opportunity by removing typos and a few less important results from the ?rst edition of the book, and by slightly polishing the English style and the punctuation, for the sake of consistency along the monograph. The main changes are: (1) Chapter 3 contains an additional section, Section 3. 3, on the - erage lexicographic value, which is a recent one-point solution concept de?ned on the class of balanced crisp games. (2) Chapter 4 is new. It o?ers a brief overview on solution c- cepts for crisp games from the point of view of egalitarian criteria, and presents in Section 4. 2 a recent set-valued solution concept based on egalitarian considerations, namely the equal split-o? set. (3)Chapter5isbasicallyanenlargedversionofChapter4ofthe?rst edition because Section 5. 4 dealing with the relation between convex games and clan games with crisp coalitions is new.



A Course On Cooperative Game Theory


A Course On Cooperative Game Theory
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Author : Satya R. Chakravarty
language : en
Publisher: Cambridge University Press
Release Date : 2015-02-09

A Course On Cooperative Game Theory written by Satya R. Chakravarty and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-02-09 with Business & Economics categories.


"Deals with real life situations where objectives of the participants are partially cooperative and partially conflicting"--



Cooperation And Efficiency In Markets


Cooperation And Efficiency In Markets
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Author : Milan Horniaček
language : en
Publisher: Springer Science & Business Media
Release Date : 2011-06-29

Cooperation And Efficiency In Markets written by Milan Horniaček and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-06-29 with Business & Economics categories.


The book deals with collusion between firms on both sides of a market that is immune to deviations by coalitions. We study this issue using an infinitely countably repeated game with discounting of future single period payoffs. A strict strong perfect equilibrium is the main solution concept that we apply. It requires that no coalition of players in no subgame can weakly Pareto improve the vector of continuation average discounted payoffs of its members by a deviation. If the sum of firms' average discounted profits is maximized along the equilibrium path then the equilibrium output of each type of good is produced with the lowest possible costs. If, in addition, all buyers are retailers (i.e., they resell the goods purchased in the analyzed market in a retail market) then the equilibrium vector of the quantities sold in the retail market is sold with the lowest possible selling costs. We specify sufficient conditions under which collusion increases consumer welfare.



The Cooperative Economy


The Cooperative Economy
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Author : Dovev Lavie
language : en
Publisher: Taylor & Francis
Release Date : 2023-02-06

The Cooperative Economy written by Dovev Lavie and has been published by Taylor & Francis this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-02-06 with Business & Economics categories.


Societal grand challenges have taken a toll on humanity, which finds itself at a crossroads. The concentration of wealth and economic inequality, the dominance of Big Tech firms, the loss of privacy and free choice, and the overconsumption and abuse of natural resources have been reinforced by globalization. Regulation, legislation, international treaties, and government and corporate policies have fallen short of offering sufficient remedies. This book identifies the root cause of these problems and offers a bold solution: a new economic system, free from the design flaws that have contributed to these societal grand challenges. The proposed cooperative economy is an ethical community-driven exchange system that relies on collective action to promote societal values while accounting for resource constraints. Unlike the modern economic system that is predominantly driven by opportunistic behavior, the cooperative economy moves away from a materialistic orientation and follows a more balanced perspective that leverages prosocial behavior. The book explains how this new system adopts design principles that promote self-sufficiency of communities, sustainability and entrepreneurship while limiting overconsumption and excessive profit-making. It enhances economic equality by leveraging price subsidization and by restricting salary differences. The book describes how the system serves the interests of consumers, vendors, and employees while preventing the accumulation of power by the platform owner who operates this system. This book is invaluable reading for policymakers who have been searching for solutions to some of the grand challenges that our society faces, and to managers who have sought alternative ways to cope with platform ecosystems, resource shortages, and supply chain disruptions. It revisits long-held assumptions, offering a treatise and food for thought, as well as a plan for concrete action. The book is also highly relevant to scholars and students in the study of economics, strategy, innovation, and public policy and to all readers who are concerned about the future of our planet and society.



Axioms Of Cooperative Decision Making


Axioms Of Cooperative Decision Making
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Author : Hervé Moulin
language : en
Publisher: Cambridge University Press
Release Date : 1991-07-26

Axioms Of Cooperative Decision Making written by Hervé Moulin and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1991-07-26 with Business & Economics categories.


This book provides a unified and comprehensive study of welfarism, cooperative games, public decision making, and voting and social choice theory.



Capital And The Debt Trap


Capital And The Debt Trap
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Author : Claudia Sanchez Bajo
language : en
Publisher: Springer
Release Date : 2011-08-30

Capital And The Debt Trap written by Claudia Sanchez Bajo and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-08-30 with Business & Economics categories.


The financial crisis is destroying wealth but is also a remarkable opportunity to uncover the ways by which debt can be used to regulate the economic system. This book uses four case studies of cooperatives to give an in-depth analysis on how they have braved the crisis and continued to generate wealth.



Microeconomic Theory


Microeconomic Theory
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Author : James Bergin
language : en
Publisher: OUP Oxford
Release Date : 2005-05-19

Microeconomic Theory written by James Bergin and has been published by OUP Oxford this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005-05-19 with Business & Economics categories.


Microeconomic Theory is based on lecture notes for a graduate course in microeconomic theory. It covers a broad range of topics, and to some extent the lecture structure is retained in the style of the book. The author provides a clear account of the main ideas in each area concisely, and in some depth of detail. The presentation is at an advanced level and provides succinct coverage of the material in a self contained discussion. Chapters are organized and written independently making it possible to read any chapter without having read earlier material. Each chaper is written on the presumption that the reader has some familiarity with the topics or issues under discussion but would value further discussion, or a second point of view . While much of the material is mainstream, a substantial portion is not available in existing textbooks. The book covers a range of topics appearing in advanced courses in microeconomic theory. Coverage includes such topics as decision theory, strategic and extensive form games, auctions, bargaining, information models, principal- agent problems, signalling and screening games, cooperative games and models of learning.