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 τ* value, which extends the adjusted proportional rule for bankruptcy situations and coincides with the compromise value on a large class of games. Copyright Springer-Verlag 2005

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Year of publication:	2005
Authors:	Díaz, Julio ; Borm, Peter ; Hendrickx, Ruud ; Quant, Marieke
Published in:	Mathematical Methods of Operations Research. - Springer. - Vol. 61.2005, 3, p. 483-500
Publisher:	Springer

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Extent:	text/html
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010999662