Important Concepts of Cooperative Game Theory
Description
The theory of cooperative games with transferable utility offers
useful insights into the way parties can share gains from cooperation and
secure sustainable agreements, see e.g. one of the books by Chakravarty,
Mitra and Sarkar (2015, ISBN:978-1107058798) or by Driessen (1988,
ISBN:978-9027727299) for more details. A comprehensive set of tools for
cooperative game theory with transferable utility is provided. Users can
create special families of cooperative games, like e.g. bankruptcy games,
cost sharing games and weighted voting games. There are functions to check
various game properties and to compute five different set-valued solution
concepts for cooperative games. A large number of point-valued solution
concepts is available reflecting the diverse application areas of
cooperative game theory. Some of these point-valued solution concepts can
be used to analyze weighted voting games and measure the influence of
individual voters within a voting body. There are routines for visualizing
both set-valued and point-valued solutions in the case of three or four
players.