Equilibrium Solution in a Game between a Cooperative and its Members

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Title:Equilibrium Solution in a Game between a Cooperative and its Members
Creators:
Bertini, Cesarino
Gambarelli, Gianfranco
Scarelli, Antonino
Varga, Zoltán
Journal or Publication Title:
AUCO Czech Economic Review, 5, 2, pp. 162-171
Uncontrolled Keywords:Cooperatives, game theory, Nash equilibria

Abstract

In the paper a game-theoretical model is set up to describe the conflict situation in which the members of a marketing cooperative may take advantage of an external market price, higher than that offered by the cooperative. Under appropriate conditions on the penalty strategy of the cooperative, the faithfulness of all members will provide a Nash equilibrium for the considered game, which at the same time also is an attractive solution, with the cooperative as a distinguished player.

Official URL: http://www.ceeol.com/aspx/issuedetails.aspx?issueid=F7AA27BA-1FA2-4B2D-80EA-586F10A7D291&articleid=C2558A0F-A685-439B-B517-20025FC0AFA2

Title:Equilibrium Solution in a Game between a Cooperative and its Members
Creators:
Bertini, Cesarino
Gambarelli, Gianfranco
Scarelli, Antonino
Varga, Zoltán
Uncontrolled Keywords:Cooperatives, game theory, Nash equilibria
Subjects:H Social Sciences > HB Economic Theory
H Social Sciences > HG Finance
H Social Sciences > HF Commerce
Divisions:Section of external journals > AUCO Czech Economic Review
Journal or Publication Title:AUCO Czech Economic Review
Volume:5
Number:2
Page Range:pp. 162-171
ISSN:1802-4696
Publisher:Charles University
Related URLs:
URLURL Type
http://auco.cuni.czPublisher
http://avi.lib.cas.cz/node/183Publisher
ID Code:6770
Item Type:Article
Deposited On:29 Aug 2011 19:17
Last Modified:29 Aug 2011 17:17

Citation

Bertini, Cesarino; Gambarelli, Gianfranco; Scarelli, Antonino; Varga, Zoltán (2011) Equilibrium Solution in a Game between a Cooperative and its Members. AUCO Czech Economic Review, 5 (2). pp. 162-171. ISSN 1802-4696

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