Resolved and unresolved problems in the theory of redistribution systems

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F26138077%3A_____%2F12%3A%230000487" target="_blank" >RIV/26138077:_____/12:#0000487 - isvavai.cz</a>
Alternative codes found
RIV/61384399:31140/12:00048572
Result on the web
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DOI - Digital Object Identifier
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Result language
angličtina
Original language name
Resolved and unresolved problems in the theory of redistribution systems
Original language description
This study adopts the approach (and context) taken by J. Neumann and O. Morgenstern in describing, defining and finding solutions to simple majority game of three players and applies it to finding similar solutions in the redistribution system of three players. This system allows us to analyse situations in which the volume of what can be divided between players is determined by the way the players divide it, i.e. it is one of the examples of a non-constant sum game. As we anticipace a fully symmetric situation, we may define the term of ?expected average payoff?. From the term ?expected average payoff? the concept of commonly acceptable equilibrium is derived. The distribution of wage at an acceptable equilibrium point is (in general) close to Nash?ssolution to a relevant cooperative game, which is derived from the point whose coordinates coincide with the expected average wage, yet are not completely identical. In the conclusion we outline the practical use of the model based on the
Czech name
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Czech description
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Publication year
2012
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
Proceedings of 30th International Conference Mathematical Methods in Economics
ISBN
978-80-7248-779-0
ISSN
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e-ISSN
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Number of pages
6
Pages from-to
31-36
Publisher name
Slezská univerzita v Opavě
Place of publication
Opava
Event location
Karviná
Event date
Jan 1, 2012
Type of event by nationality
WRD - Celosvětová akce
UT code for WoS article
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