Stable Bank Cooperation for Cost Reduction Problem

• Published in: AUCO Czech Economic Review Vol. 8; no. 1; pp. 7 - 25
• Main Authors: Parilina, Elena, Sedakov, Artem
• Format: Journal Article
• Language: English
• Published: Prague Univerzita Karlova v Praze - Institut ekonomických studií 2014; Charles University in Prague - Institute of Economic Studies; Czech Economic Review
• Subjects: ATM; Automated teller machines; Cooperation; Cost reduction; Economy; Game theory; State banks; Studies; Technology adoption; Coalition structure; Shapley value; cost allocation problem; stability

In the paper we consider a problem of bank cost reduction by joint usage of ATMs. In coalition case, we assume that cooperation may be naturally restricted by a coalition structure. A question of stability of a coalition structure with respect to the Shapley value is investigated. Statements about t...