Record Details

How Albanian Private Universities can use Game Theory for Optimization of Scholarship Offers

European Journal of Sustainable Development

View Archive Info
 
 
Field Value
 
Title How Albanian Private Universities can use Game Theory for Optimization of Scholarship Offers
 
Creator Sota, Llambrini
Kolaneci, Fejzi
 
Description There are 46 private universities in Albania. We believe that the tuition fee andscholarship for high GPA students are two important components of the competitionbetween private universities. This study is a first attempt in applying Game Theory foroptimization of scholarship offers by Albanian private universities during academic years.There is a conflict between the utility functions of shareholders to maximize their profitsand the utility functions of the students enrolled in private universities to minimize theirexpenses. The best solution of the conflict is a Nash equilibrium or Bayes-Nash-Harsanyiequilibrium, respectively. We prove the existence of these equilibria. However, there existmany equilibria, depending of private information. We interpret the Boyes-Nash-Harsanyiequilibrium solution as the set of possible rational concessions made by all players.
 
Publisher European Center of Sustainable Development
 
Contributor —
 
Date 2013-04-01
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
—
 
Format application/pdf
 
Identifier http://www.ecsdev.org/ojs/index.php/ejsd/article/view/85
 
Source European Journal of Sustainable Development; Vol 2, No 4: Special Issue; 119 - 134
2239-6101
2239-5938
 
Language eng
 
Relation http://www.ecsdev.org/ojs/index.php/ejsd/article/view/85/79
 
Rights This work is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License.Authors of articles published in the European Journal of Sustainable Development retain copyright on their articles. Authors are therefore free to disseminate and re-publish their articles, subject to any requirements of third-party copyright owners and subject to the original publication being fully cited.  The ability to copy, download, forward or otherwise distribute any materials is always subject to any copyright notices displayed. Copyright notices must be displayed prominently and may not be obliterated, deleted or hidden, totally or partially.