Bargaining Power in Cooperative Resource Allocations Games.
Madani, Kaveh, Farhidi, Faraz and Gholizadeh, Sona, (2022). Bargaining Power in Cooperative Resource Allocations Games.. Algorithms, 15(445), 445-n/a
Document type:
Article
Collection:
-
Sub-type Journal article Author Madani, Kaveh
Farhidi, Faraz
Gholizadeh, SonaTitle Bargaining Power in Cooperative Resource Allocations Games. Appearing in Algorithms Volume 15 Issue No. 445 Publication Date 2022-11-25 Place of Publication Switzerland Publisher MDPI Start page 445 End page n/a Language eng Abstract Cooperative game theory provides an appropriate framework to assess the likelihood of conflict resolution, encourage cooperation among parties, and determine each party’s share in resource sharing conflicts. In calculating the fair and efficient allocation of the incremental benefits of cooperation, cooperative game theory methods often do not consider the exogenous bargaining powers of the players based on factors, that are external to the game, such as their political, economic, and military powers. This study reformulates three well-known cooperative game theory methods, namely, Nash-Harsanyi, Shapley, and Nucleolus, to account for the exogenous bargaining powers of the players in cooperative games. Using the Caspian Sea international conflict as an example, this paper shows how the negotiators’ exogenous bargaining power can change the outcome of resource sharing games. The proposed weighted cooperative game theory approach can help determine practical resolutions for real-world conflicts in which the exogenous powers of players can have a significant influence on the outcome of negotiations. UNBIS Thesaurus GAME THEORY Keyword bargaining power
conflict resolution
resource allocation
Caspian SeaCopyright Holder The Authors Copyright Year 2022 Copyright type All rights reserved ISSN 1999-4893 DOI https://doi.org/10.3390/a15120445 -
Citation counts Search Google Scholar Access Statistics: 171 Abstract Views - Detailed Statistics Created: Sat, 30 Sep 2023, 06:12:48 JST by Věra Greschner Farkavcová on behalf of UNU FLORES