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APPLICATIONS OF THEORY OF REDISTRIBUTION SYSTEMS TO ANALYSIS COMPETITIVITY

100%
Budinský P., Valenčík R.
Ekonomický časopis (Journal of Economics)
|
2009
|
vol. 57
|
issue 3
291-306
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.
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