Blocking strategies in laboratory cooperative games with implied bids

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Cooperative game theory considers economical situations using the formation of characteristic functions. Usually, the theory gives sets of fair, in a sense, profit sharing, and offers particular selectors of noted sets. The inverse problem is investigated in this paper, i.e. the dynamic game is constructed for a specified characteristic function. The double auction with implied bids is offered as a mechanism. The main properties of the auction are described and the results of conducted laboratory experiments are discussed.

Game theory, cooperative games, core, strictly balanced games, implied bids, blocking strategies, experimental economics, laboratory experiments, player awareness

Короткий адрес: https://sciup.org/142185867

IDR: 142185867

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