NCTS(South)/ NCKU Math Colloquium


DATE2014-11-13 16:10-17:00

PLACER204, 2F, NCTS, NCKU

SPEAKER胡政成 教授(成大經濟系主任

TITLEA Non-Cooperative Justification for the Egalitarian Non-Separable Contribution Value

ABSTRACT The egalitarian non-separable contribution (ENSC) value is a solution concept developed initially by engineers and consultants of the Tennessee Valley Authority. In the paper, we justify the ENSC value by providing a non-cooperative interpretation for it. We establish an extensive form game and show that the ENSC value is the unique subgame perfect equilibrium outcome of the game.