- To familiarise students with the modelling in cooperative game theory, its applications in various contexts, well know stability concepts, solutions and their properties.
- By the end of the course students will be able to understand the technical and conceptual differences concerning the modelling of cooperative and non-cooperative games, define the relevant core property and the stability notions in different context, and therefore understand the rationale behind long living agreements. Moreover, students will have technical skills to apply well-known solutions such as the Shapley value and the nucleolus in different problems.
- Market games, core property of competitive equilibrium.
- Transferable and nontransferable utility cooperative games, core, Shapley value, other solution concepts. Axiomatic characterisations.
- Cooperative games and market design. Matchings and other applications
- Cost sharing games
- Zamir, S., Solan, E., & Maschler, M. (2013). Game Theory. Cambridge: Cambridge eText. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=527892
- Bezalel Peleg, & Peter Sudhölter. (2007). Introduction to the Theory of Cooperative Games. Springer. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsrep&AN=edsrep.b.spr.thdlic.978.3.540.72945.7