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Multichoice games, as well as many other recent attempts to generalize the notion of classical cooperative game, can be casted into the framework of lattices. We propose a general definition for games on lattices, together with an interpretation. Several definitions of the Shapley value of a...
Persistent link: https://www.econbiz.de/10010950022
A voting situation is given by a set of voters and the rules of legislation that determine minimal requirements for a group of voters to pass a motion. A priori measures of voting power, such as the Shapley–Shubik index and the Banzhaf value, show the influence of the individual players in a...
Persistent link: https://www.econbiz.de/10010998912
The Shapley value is a central notion defining a rational way to share the total worth of a cooperative game among players. We address a general framework leading to applications to games with communication graphs, where the feasible coalitions form a poset whose all maximal chains have the same...
Persistent link: https://www.econbiz.de/10008521265
Multichoice games, as well as many other recent attempts to generalize the notion of classical cooperative game, can be casted into the framework of lattices. We propose a general definition for games on lattices, together with an interpretation. Several definitions of the Shapley value of a...
Persistent link: https://www.econbiz.de/10010759237
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Persistent link: https://www.econbiz.de/10011573817
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Decision making has become slow in the 27-member European Union and the Treaty of Nice distributed power in a somewhat arbitrary way. The Lisbon Treaty makes decision making easier, and streamlines the process by removing the most controversial element: the voting weights. The new system relies...
Persistent link: https://www.econbiz.de/10011065160
The measurement and the allocation of risk are fundamental problems of portfolio management. Coherent measures of risk provide an axiomatic approach to the former problem. In an environment given by a coherent measure of risk and the various portfolios' realization vectors, risk allocation games...
Persistent link: https://www.econbiz.de/10005066709
The sequential coalition formation model of Bloch to solve cooperative games with externalities exhibits some anomalies when related to classical concepts [Bloch, F., 1996. Sequential formation of coalitions in games with externalities and fixed payoff division. Games Econ. Behav. 14, 90-123]....
Persistent link: https://www.econbiz.de/10005066780