A Geometric Characterisation of the Compromise Value

In this paper, we characterise the compromise value of a game as the barycentre of the edges of its core cover.For this, we introduce the value, which extends the adjusted proportional rule for bankruptcy situations and coincides with the compromise value on a large class of games.

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Year of publication:	2003
Authors:	Borm, Peter ; Hendrickx, Ruud ; Quant, Marieke ; Gonzalez-Diaz, J.
Institutions:	Tilburg University, Center for Economic Research
Subject:	geometry \| games \| bankruptcy \| core

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Extent:	application/pdf
Series:	Discussion Paper.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series CentER Discussion Paper Number 2003-88
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011090909