Search Results - subject:"consistent value"

Finite horizon bargaining and the consistent field

Gomes, Armando; Hart, Sergiu; Mas-Colell, Andreu - Department of Economics and Business, Universitat … - 1997

This paper explores the relationships between noncooperative bargaining games and the consistent value for non …-transferable utility (NTU) cooperative games. A dynamic approach to the consistent value for NTU games is introduced: the consistent vector … games, the dynamics of the consistent fields converge globally to the unique consistent value. However, in the general NTU …

Persistent link: https://www.econbiz.de/10005827436

A comparison of non-transferable utility values

Hart, Sergiu - In: Theory and Decision 56 (2004) 1, pp. 35-46

Three values for non-transferable utility games -- the Harsanyi NTU-value, the Shapley NTU-value, and the Maschler--Owen consistent NTU-value -- are compared in a simple example. Copyright Kluwer Academic Publishers 2004

Persistent link: https://www.econbiz.de/10005542802

Chapter 55 Values of non-transferable utility games

McLean, Richard P. - In: Handbook of game theory with economic applications : …, (pp. 2077-2120). 2002

This chapter surveys a class of solution concepts for n -person games without transferable utility — NTU games for short — that are based on varying notions of “fair division”. An NTU game is a specification of payoffs attainable by members of each coalition through some joint course of...

Persistent link: https://www.econbiz.de/10014024490