Cooperative Game Theory and its Application to Natural, Environmental, and Water Resource Issues : 1. Basic Theory

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 c...

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Main Authors:	Patrone, Fioravante, Zara, Stefano, Parrachino, Irene
Format:	Policy Research Working Paper
Language:	English en_US
Published:	World Bank, Washington, DC 2012
Subjects:	AGENTS BOUNDARY DEVELOPMENT ECONOMICS ECONOMICS ECONOMICS RESEARCH ENVIRONMENTAL ENVIRONMENTAL AMENITIES ENVIRONMENTAL ISSUES ENVIRONMENTAL PROBLEMS ENVIRONMENTAL RESOURCES EXPECTED VALUE EXTERNALITIES FISHERY MANAGEMENT GAME GAME THEORY IDEA IDEAS INSIGHTS LEADING MATHEMATICAL MODELS NATURAL RESOURCES SAVINGS SIDE PAYMENTS UTILITY FUNCTION UTILITY FUNCTIONS VOTERS
Online Access:	http://documents.worldbank.org/curated/en/2006/11/7216745/cooperative-game-theory-application-natural-environmental-water-resource-issues-1-basic-theory http://hdl.handle.net/10986/8852

id	okr-10986-8852
recordtype	oai_dc
spelling	okr-10986-88522021-04-23T14:02:41Z Cooperative Game Theory and its Application to Natural, Environmental, and Water Resource Issues : 1. Basic Theory Patrone, Fioravante Zara, Stefano Parrachino, Irene AGENTS BOUNDARY DEVELOPMENT ECONOMICS ECONOMICS ECONOMICS RESEARCH ENVIRONMENTAL ENVIRONMENTAL AMENITIES ENVIRONMENTAL ISSUES ENVIRONMENTAL PROBLEMS ENVIRONMENTAL RESOURCES EXPECTED VALUE EXTERNALITIES FISHERY MANAGEMENT GAME GAME THEORY IDEA IDEAS INSIGHTS LEADING MATHEMATICAL MODELS NATURAL RESOURCES SAVINGS SIDE PAYMENTS UTILITY FUNCTION UTILITY FUNCTIONS VOTERS 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. 2012-06-22T20:05:52Z 2012-06-22T20:05:52Z 2006-11 http://documents.worldbank.org/curated/en/2006/11/7216745/cooperative-game-theory-application-natural-environmental-water-resource-issues-1-basic-theory http://hdl.handle.net/10986/8852 English en_US Policy Research Working Paper; No. 4072 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Policy Research Working Paper Publications & Research
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English en_US
topic	AGENTS BOUNDARY DEVELOPMENT ECONOMICS ECONOMICS ECONOMICS RESEARCH ENVIRONMENTAL ENVIRONMENTAL AMENITIES ENVIRONMENTAL ISSUES ENVIRONMENTAL PROBLEMS ENVIRONMENTAL RESOURCES EXPECTED VALUE EXTERNALITIES FISHERY MANAGEMENT GAME GAME THEORY IDEA IDEAS INSIGHTS LEADING MATHEMATICAL MODELS NATURAL RESOURCES SAVINGS SIDE PAYMENTS UTILITY FUNCTION UTILITY FUNCTIONS VOTERS
spellingShingle	AGENTS BOUNDARY DEVELOPMENT ECONOMICS ECONOMICS ECONOMICS RESEARCH ENVIRONMENTAL ENVIRONMENTAL AMENITIES ENVIRONMENTAL ISSUES ENVIRONMENTAL PROBLEMS ENVIRONMENTAL RESOURCES EXPECTED VALUE EXTERNALITIES FISHERY MANAGEMENT GAME GAME THEORY IDEA IDEAS INSIGHTS LEADING MATHEMATICAL MODELS NATURAL RESOURCES SAVINGS SIDE PAYMENTS UTILITY FUNCTION UTILITY FUNCTIONS VOTERS Patrone, Fioravante Zara, Stefano Parrachino, Irene Cooperative Game Theory and its Application to Natural, Environmental, and Water Resource Issues : 1. Basic Theory
relation	Policy Research Working Paper; No. 4072
description	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.
format	Publications & Research :: Policy Research Working Paper
author	Patrone, Fioravante Zara, Stefano Parrachino, Irene
author_facet	Patrone, Fioravante Zara, Stefano Parrachino, Irene
author_sort	Patrone, Fioravante
title	Cooperative Game Theory and its Application to Natural, Environmental, and Water Resource Issues : 1. Basic Theory
title_short	Cooperative Game Theory and its Application to Natural, Environmental, and Water Resource Issues : 1. Basic Theory
title_full	Cooperative Game Theory and its Application to Natural, Environmental, and Water Resource Issues : 1. Basic Theory
title_fullStr	Cooperative Game Theory and its Application to Natural, Environmental, and Water Resource Issues : 1. Basic Theory
title_full_unstemmed	Cooperative Game Theory and its Application to Natural, Environmental, and Water Resource Issues : 1. Basic Theory
title_sort	cooperative game theory and its application to natural, environmental, and water resource issues : 1. basic theory
publisher	World Bank, Washington, DC
publishDate	2012
url	http://documents.worldbank.org/curated/en/2006/11/7216745/cooperative-game-theory-application-natural-environmental-water-resource-issues-1-basic-theory http://hdl.handle.net/10986/8852
_version_	1764406650188333056

Cooperative Game Theory and its Application to Natural, Environmental, and Water Resource Issues : 1. Basic Theory

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