On the bargaining set of three-player games
The description and the characterization of the (Aumann-Maschler) bargaining set are known, but its determination is still hard given a generic transferable utility cooperative game. We provide here an exhaustive determination of the bargaining set of any three-player game, balanced or not, superadditive or not.
N-Non-Cooperative Games Under a Dynamic Multidimensional Graphical Prism
This paper explores the concept of multidimensional Nash equilibrium as a prospective solution in a non-cooperative multi-player normal form game. The paper suggests a paradigm shift: a new multidimensional geometric approach to capture all symmetrical and asymmetrical strategic graphical movements in real space and time. The Multidimensional Non-Cooperative Games Graphical Framework (MNCGG-Framework) extends the traditional two-dimensional normal form game into a multidimensional graphical framework that synchronizes the optimal agent interactions with corresponding payoffs in real-time. The paper applies the proposed graphical framework on John Forbes Nash’s six examples on non-cooperative games taken from his doctoral dissertation.
Fiscal Transparency in EU Accession Countries Progress and Future Challenges
This paper discusses the findings of fiscal transparency reports on standards and codes (ROSCs) for most EU accession candidate countries. Emphasis is given to the need to establish effective and accountable medium-term budget frameworks to establish policy credibility and anchor adjustment programs to meet EU fiscal goals. Adoption of budgeting and accounting standards consistent with the IMF Government Finance Statistics Manual 2001 framework will also help link budget decisions to EU standards of fiscal reporting. More consistent and comprehensive coverage of off-budget activities is needed for assessing fiscal risk and sustainability. Finally, local government issues need to be addressed by many of these countries since EU fiscal goals are set with reference to general government. Progress in all of these areas can be monitored by keeping fiscal ROSC assessments up to date.