4th Workshop on Cooperative Game Theory in Business Practice
Cooperative game theory provides versatile and simple tools to model the generation of surplus in a society and to study the ‘‘fair’’ or ‘‘reasonable’’ distribution of this surplus. The 4th Workshop on Cooperative Game Theory in Business Practice held at HHL Leipzig Graduate School of Management from June 15-16, 2017 aimed at improving these models on the one hand and on bridging the gap between theory and practice on the other hand.
Says Prof. Dr. André Casajus, from HHL’s Chair of Chair of Economics and Information Systems, who organized the workshop, “This year, the topics of the 14 talks at the workshop ranged from foundational questions over applications of cooperative game theory to economic theory to applications in business practice. Traditionally, the workshop takes place during the Leipzig Bach Festival. So, it offers not only an opportunity to PhD students, junior and senior researchers in the field to present and discuss their recent research but also to experience one of Leipzig’s cultural annual highlights. All in all, the workshop once again was a great event both scientifically, musically, and socially.”
During the scientific event recent results on cooperative game theory and their application to business practice were discussed by well-known researchers coming from ESMT European School of Management and Technology, the University of Bayreuth, the Maastricht University, the Vrije Universiteit Amsterdam, the Wageningen University, the Paris School of Economics, the Université Paris I Panthéon-Sorbonne, the Université de Franche-Comté, the Seoul National University, the Waseda University, Tokyo, as well as the Lancaster University in the U.K.
The supporting program of the workshop contained among others a visit to the Mendelssohn House including a guided tour and a piano concerto with pieces by Bach and Mendelssohn played by workshop participant Prof. Dr. Michel Grabisch. Furthermore, the participants enjoyed a dinner and beer tasting at the craft beer bar “Dr. Hops” as well as the concert of Bach’s St. John Passion at St. Thomas Church Leipzig.
Heleen Stellingwerf, M.Sc., from the Wageningen University in the Netherlands took part in the international workshop because she intended to learn more about game theory, to share ideas and “to get some comments from other people that might help me with my research.” Her research focus is on the collaborative transportation in the food sector. She uses game allocations to make sure her ideas also work in practice. For that, she works together with a food company which buys products for different supermarket chains that are not transported collaboratively. “The trucks have a current occupancy rate of approximately 40 percent and collaborations could make this much more efficient”, says the Dutch researcher. Stellingwerf very much liked the small scaled workshop. “I had the chance to get to know everybody and the topics varied a lot,” she concludes.
During the workshop Professor Biung-Ghi Ju, Ph.D. from the Seoul National University in South Korea presented on „Revenue sharing on hierarchies“. The focus of Ju’s research is economic theory. “I try to design fair and efficient allocation’s mechanism in institutions,” he says. In this field of research Ju sees differences when it comes to specific Asian and European perspectives. “Maybe Asians scholars are more interested in research questions about institutions, whereas their European peers are probably more interested in doing research on individual rationality.” Ju comments on the scientific event at HHL, “I prefer the small size of the workshop which makes it very informal. You can share your ideas without any restrictions. Furthermore, all conference participants share a high similarity of research interest which also supports the opportunity of collaboration.” The Asian researcher also very much liked the attractive supporting program of the workshop. “The International Bach Festival in Leipzig gave us the opportunity to experience the cultural heritage of this beautiful city, too.”