Yuan Ju
| Date of Ph.D. defense: | December 15, 2004 |
| Title of thesis: | Cooperation, Compensation, and Transition |
| ISBN: | 90 5668 139 7 |
| Promotores: | Prof. dr. Pieter Ruys and Prof. dr. Peter Borm |
Abstract: Full text
Cooperation and compensation are two important and well-linked issues in
economics. The central question in cooperation is how to share the joint
gains among participating players. Compensation is a specific aspect of
surplus sharing problems providing incentives for agents to sacrifice their
own direct interests to obtain higher payoffs for the coalition as a whole.
This thesis first introduces and analyses a new solution concept, the
consensus value, for cooperative games with transferable utility in
characteristic function form and generalises it to partition function form
games. These ideas and concepts are used to analyse several problems of loss
compensation and surplus sharing: the general framework of
project-allocation situations and the problem of externality-associated
compensations within the new model of primeval games. Finally, transition by
compensation is analysed in the framework of transition economies and, in
particular, in the reform process of China.
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