JOURNAL ARTICLE

Cooperative Game-Theoretic Models of the Cournot Oligopoly.

  • Published In: International Game Theory Review, 2023, v. 25, n. 2. P. 1 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Korolev, Alexey V.; Ougolnitsky, Guennady A. 3 of 3

Abstract

In this paper, we build and investigate cooperative games with different characteristic functions (von Neumann–Morgenstern, Petrosyan–Zaccour, Gromova–Petrosyan) on the base of symmetrical Cournot oligopoly game-theoretic models in normal form. We find Nash and Stackelberg equilibria and cooperative solutions for nonsymmetrical Cournot oligopoly game-theoretic models in normal form. Also, we build and investigate cooperative three-player games with the same characteristic functions on the base of these models, including the calculation of Shapley value. We compare payoffs received by the players according to different optimality principles of cooperative games and games in normal form. [ABSTRACT FROM AUTHOR]

Additional Information

  • Source:International Game Theory Review. 2023/06, Vol. 25, Issue 2, p1
  • Document Type:Article
  • Subject Area:Business and Management
  • Publication Date:2023
  • ISSN:0219-1989
  • DOI:10.1142/S0219198923500044
  • Accession Number:164588554
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