Quantitative game theory applied to economic problems

Sebastián Cano-Berlanga; José Manuel Giménez-Gómez; Cori Vilella

doi:10.1016/bs.host.2018.11.003

Quantitative game theory applied to economic problems

Sebastián Cano-Berlanga, José Manuel Giménez-Gómez, Cori Vilella

Department of Applied Economics

Research output: Chapter in Book › Chapter › Research › peer-review

1 Citation (Scopus)

Abstract

© 2019 Elsevier B.V. The main purpose of the present chapter is to introduce the reader to game theory through R. Specifically, it focuses on cooperative games with transferable utility and it introduces well-known punctual solutions, the voting power index and the claims problems. Furthermore, we introduce a modern application of cooperative game theory to the marketing field, where we develop a framework to distribute revenues among Internet selling channels. For the sake of comprehensiveness, after theoretical explanation, the reader may find the R code to execute the examples.

Original language	English
Title of host publication	Handbook of Statistics
Pages	281-307
Number of pages	26
Volume	41
DOIs	https://doi.org/10.1016/bs.host.2018.11.003
Publication status	Published - 1 Jan 2019

Keywords

Attribution model
Bankruptcy
Claims problem
Cooperative game
Nucleolus
R package game theory
Shapley value

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10.1016/bs.host.2018.11.003

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title = "Quantitative game theory applied to economic problems",

abstract = "{\textcopyright} 2019 Elsevier B.V. The main purpose of the present chapter is to introduce the reader to game theory through R. Specifically, it focuses on cooperative games with transferable utility and it introduces well-known punctual solutions, the voting power index and the claims problems. Furthermore, we introduce a modern application of cooperative game theory to the marketing field, where we develop a framework to distribute revenues among Internet selling channels. For the sake of comprehensiveness, after theoretical explanation, the reader may find the R code to execute the examples.",

keywords = "Attribution model, Bankruptcy, Claims problem, Cooperative game, Nucleolus, R package game theory, Shapley value",

author = "Sebasti{\'a}n Cano-Berlanga and Gim{\'e}nez-G{\'o}mez, {Jos{\'e} Manuel} and Cori Vilella",

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AU - Cano-Berlanga, Sebastián

AU - Giménez-Gómez, José Manuel

AU - Vilella, Cori

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N2 - © 2019 Elsevier B.V. The main purpose of the present chapter is to introduce the reader to game theory through R. Specifically, it focuses on cooperative games with transferable utility and it introduces well-known punctual solutions, the voting power index and the claims problems. Furthermore, we introduce a modern application of cooperative game theory to the marketing field, where we develop a framework to distribute revenues among Internet selling channels. For the sake of comprehensiveness, after theoretical explanation, the reader may find the R code to execute the examples.

AB - © 2019 Elsevier B.V. The main purpose of the present chapter is to introduce the reader to game theory through R. Specifically, it focuses on cooperative games with transferable utility and it introduces well-known punctual solutions, the voting power index and the claims problems. Furthermore, we introduce a modern application of cooperative game theory to the marketing field, where we develop a framework to distribute revenues among Internet selling channels. For the sake of comprehensiveness, after theoretical explanation, the reader may find the R code to execute the examples.

KW - Attribution model

KW - Bankruptcy

KW - Claims problem

KW - Cooperative game

KW - Nucleolus

KW - R package game theory

KW - Shapley value

U2 - 10.1016/bs.host.2018.11.003

DO - 10.1016/bs.host.2018.11.003

M3 - Chapter

SN - 0169-7161

VL - 41

SP - 281

EP - 307

BT - Handbook of Statistics

ER -

Quantitative game theory applied to economic problems

Abstract

Keywords

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