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

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collection.link.5
https://openknowledge.worldbank.org/handle/10986/9
collection.name.5
Policy Research Working Papers
dc.contributor.author
Patrone, Fioravante
dc.contributor.author
Zara, Stefano
dc.contributor.author
Parrachino, Irene
dc.date.accessioned
2012-06-22T20:05:52Z
dc.date.available
2012-06-22T20:05:52Z
dc.date.issued
2006-11
dc.description.abstract
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.
en
dc.identifier
http://documents.worldbank.org/curated/en/2006/11/7216745/cooperative-game-theory-application-natural-environmental-water-resource-issues-1-basic-theory
dc.identifier.uri
http://hdl.handle.net/10986/8852
dc.language
English
dc.language.iso
en_US
dc.publisher
World Bank, Washington, DC
dc.relation.ispartofseries
Policy Research Working Paper; No. 4072
dc.rights
CC BY 3.0 IGO
dc.rights.holder
World Bank
dc.rights.uri
http://creativecommons.org/licenses/by/3.0/igo/
dc.subject
AGENTS
dc.subject
BOUNDARY
dc.subject
DEVELOPMENT ECONOMICS
dc.subject
ECONOMICS
dc.subject
ECONOMICS RESEARCH
dc.subject
ENVIRONMENTAL
dc.subject
ENVIRONMENTAL AMENITIES
dc.subject
ENVIRONMENTAL ISSUES
dc.subject
ENVIRONMENTAL PROBLEMS
dc.subject
ENVIRONMENTAL RESOURCES
dc.subject
EXPECTED VALUE
dc.subject
EXTERNALITIES
dc.subject
FISHERY MANAGEMENT
dc.subject
GAME
dc.subject
GAME THEORY
dc.subject
IDEA
dc.subject
IDEAS
dc.subject
INSIGHTS
dc.subject
LEADING
dc.subject
MATHEMATICAL MODELS
dc.subject
NATURAL RESOURCES
dc.subject
SAVINGS
dc.subject
SIDE PAYMENTS
dc.subject
UTILITY FUNCTION
dc.subject
UTILITY FUNCTIONS
dc.subject
VOTERS
dc.title
Cooperative Game Theory and its Application to Natural, Environmental, and Water Resource Issues : 1. Basic Theory
en
okr.doctype
Publications & Research :: Policy Research Working Paper
okr.doctype
Publications & Research
okr.docurl
http://documents.worldbank.org/curated/en/2006/11/7216745/cooperative-game-theory-application-natural-environmental-water-resource-issues-1-basic-theory
okr.globalpractice
Macroeconomics and Fiscal Management
okr.globalpractice
Agriculture
okr.globalpractice
Education
okr.globalpractice
Environment and Natural Resources
okr.googlescholar.linkpresent
yes
okr.identifier.doi
10.1596/1813-9450-4072
okr.identifier.externaldocumentum
000016406_20061121153559
okr.identifier.internaldocumentum
7216745
okr.identifier.report
WPS4072
okr.language.supported
en
okr.pdfurl
http://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2006/11/21/000016406_20061121153559/Rendered/PDF/wps4072.pdf
en
okr.topic
Economic Theory and Research
okr.topic
Environmental Economics and Policies
okr.topic
Education :: Education for the Knowledge Economy
okr.topic
Education for Development (superceded)
okr.topic
Livestock and Animal Husbandry
okr.topic
Environment
okr.topic
Macroeconomics and Economic Growth
okr.topic
Agriculture
okr.unit
Development Research Group (DECRG)
okr.volume
1 of 1

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