APPLICATIONS OF THEORY OF REDISTRIBUTION SYSTEMS TO ANALYSIS COMPETITIVITY

• Authors: Budinský Petr , Valenčík Radim
• Languages of publication: EN

Abstracts

EN

Theory of redistribution systems is an application and at the same time extension of Game Theory. It deals with functioning of institutions, establishments, firms and others social systems, in that pay-offs are redistributed in contrast to achievement of individual players. The redistribution is usually allowed by a coalition, formed inside of redistribution system, that disposes of dominance over the pay-offs' redistribution. Redistribution equation describing all possibilities of pay-offs' redistribution in Elementary Redistribution System and enabling to create and to test a computerized model of Elementary Redistribution System. Based on that, it is possible to model different types of bargaining, kinds of equilibrium - included Pareto optionality and Nash equilibrium - and in connection with it also chaining of simple redistribution systems into the combined ones.

Keywords

EN

BARGAINING; COMPETITION; GAME THEORY; NASH EQUILIBRIUM; PARETO OPTIONALITY; REDISTRIBUTION EQUATION; THEORY OF REDISTRIBUTION SYSTEMS

Discipline

• ECONOMICS: ECONOMICS

• Publisher: Institute of Slovak and World Economics and Institute for Forecasting, Slovak Academy of Sciences
• Journal: Ekonomický časopis (Journal of Economics)
• Year: 2009
• Volume: 57
• Issue: 3
• Pages: 291-306
• Document type: ARTICLE

Contributors

author

Budinský Petr

• Vysoká škola finanční a správní, o. p. s., Estonská 500, 101 00 Praha 10, Czech Republic

author

Valenčík Radim

• Petr Budinsky, Vysoka skola financni a spravni, o. p. s., Estonska 500, 101 00 Praha 10, Czech Republic

Identifiers

CEJSH db identifier

09SKAAAA065928