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Fuzzy cooperative behavior in response to market imperfections
Author(s) -
Graziano Maria Gabriella
Publication year - 2012
Publication title -
international journal of intelligent systems
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.291
H-Index - 87
eISSN - 1098-111X
pISSN - 0884-8173
DOI - 10.1002/int.21516
Subject(s) - oligopoly , mathematical economics , fuzzy logic , competition (biology) , economics , scheme (mathematics) , microeconomics , computer science , artificial intelligence , mathematics , cournot competition , ecology , mathematical analysis , biology
Real markets offer economists several occasions for investigating deviations from the perfect competition scheme. We present some problems arising in consumer theory when deviations are determined by the presence of large traders (monopolies, oligopolies) and/or public goods, and/or uncertainty about possible states of nature on which agents are asymmetrically informed. In all of these cases, considering fuzzy cooperative behavior within a coalition of agents provides cooperative solutions to restore classical results. © 2011 Wiley Periodicals, Inc.