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A fair gain-sharing solution of cooperative dynamic games
Date Issued
2025
Publisher
World Scientific Pub Co Pte Ltd
Journal
ISSN
0219-1989
1793-6675
Citation
International Game Theory Review, 2025, vol. 27(3), pp. 1-21.
Type
Peer Reviewed Journal Article
Abstract
This paper develops a novel dynamic fair gain-sharing cooperative solution that satisfies individual rationality, group optimality, time consistency, and fair-sharing property. A fair gain-sharing principle of cooperative gain is critical to obtaining the agreement of all players to cooperate and the scheme’s sustainability. In particular, the distribution of the cooperative gains reflects the contributions of players. This choice is guided by economic rationality-based arguments and is perceived as fair. An application example in environmental management is provided.
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