Coopetitive game solutions for the Greek crisis

Schilirò, Daniele and Carfì, David (2013): Coopetitive game solutions for the Greek crisis.

Abstract

The paper proposes a model of coopetitive-game (of normal-form type) within a perspective of economic growth and devote it to Greek crisis. The model is conceived at a macro level and its main aim is that of rebalancing the current-account of Greece. We construct the game trying to represent feasible scenarios of the strategic interaction between Greece and Germany, which is the strongest economy of the euro area. We shall suggest - after a deep study of our sample - feasible transferable-utility solutions, in a properly-coopetitive perspective, for the divergent interests of Greece and Germany.

• Item Type: MPRA Paper
• Language: English
• Keywords: Greek crisis; current account rebalancing;; coopetition cooperation; competition
• Subjects: F - International Economics > F4 - Macroeconomic Aspects of International Trade and Finance > F42 - International Policy Coordination and Transmission; C - Mathematical and Quantitative Methods > C7 - Game Theory and Bargaining Theory > C78 - Bargaining Theory ; Matching Theory; C - Mathematical and Quantitative Methods > C7 - Game Theory and Bargaining Theory > C71 - Cooperative Games; F - International Economics > F4 - Macroeconomic Aspects of International Trade and Finance > F41 - Open Economy Macroeconomics; O - Economic Development, Innovation, Technological Change, and Growth > O5 - Economywide Country Studies > O52 - Europe; C - Mathematical and Quantitative Methods > C7 - Game Theory and Bargaining Theory > C72 - Noncooperative Games

References

[1] Agreste, A., Carfì, D., Ricciardello, A., 2012. Algorithms for differentiable parametric games, APPS 14.

[2] Boone, P., Johnson, S., 2012. The European crisis deepens, PIIE Policy Brief, Washington, January.

[3] Brandenburger, A., Nalebuff, B.,1995. The right game: use game theory to shape strategy, Harvard Business Review, 64, July-Aug.

[4] Carfì, D., 2009. Payoff space in C1-games, APPS, 11.

[5] Carfì, D., Musolino, F., 2011. Fair redistribution in financial markets: a game theory complete analysis, Journal of Advanced Studies in Finance, vol. 0(2), December: 74-100.

[6] Carfì, D., Ricciardello, A., 2010. An algorithm for payoff space in C1-games, AAPP, | Atti della Accademia Peloritana dei Pericolanti Classe di Scienze Fisiche, Matematiche e Naturali, Vol. 88, No. 1.

[7] Carfì, D., Ricciardello, A., 2012. Topics in Game Theory, AAPP Monograph 9.

[8] Carfì, D., Schilirò, D., 2011. Crisis in the euro area: coopetitive game solutions as new policy tools, Theoretical and Practical Research in Economic Fields, vol. II, n.1, Summer: 23-36.

[9] Carfì, D., Schilirò, D., 2012a. A framework of competitive games: applications to the Greek crisis, AAPP | Atti della Accademia Peloritana dei Pericolanti Classe di Scienze Fisiche, Matematiche e Naturali, Vol. 90, No. 1: 1-32.

[10] Carfì, D., Schilirò, D., 2012b. A coopetitive model for the green economy, Economic Modelling, vol. 29(4): 1215-1219.

[11] IMF, 2011. World Economic Outlook. Database, Washington, IMF, September.

[12] Schilirò, D., 2010. Investing in knowledge: knowledge, human capital and institutions for the long run growth, in Governance of Innovation, M.J. Arentsen, W. van Rossum, A.E. Steenge (eds.), Cheltenham, Edward Elgar: 33-50.

[13] Schilirò, D., 2012. A new governance for EMU and the economic policy framework, MPRA paper 47454, University Library of Munich, Germany.