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determine the capital allocation that minimizes the excesses of sets of portfolios in lexicographical sense. The excess of a set … allocation for which the largest excess is as small as possible. We show that this allocation rule yields a unique allocation …, and that it satisfies some desirable properties. We also show that the allocation can be determined by solving a series of …
Persistent link: https://www.econbiz.de/10013135329
allocation games. It is shown that these games have a non-empty core and thus allow for stable allocations. Moreover, an explicit …In a resource allocation problem there is a common-pool resource, which has to be divided among agents. Each agent is … assignment. Analyzing the associated allocation problem of the maximal total joint reward, we consider corresponding resource …
Persistent link: https://www.econbiz.de/10013061679
In this paper we introduce a property of balanced contributions in the context of multi-issue allocation situations ….Using this property, we characterise the run-to-the bank rule for multi-issue allocation situations …
Persistent link: https://www.econbiz.de/10014062458
This paper deals with cost allocation problems arising from connection situations where edge costs are closed intervals … games. We study the properties of such solutions and suggest how to use them under uncertainty conditions …
Persistent link: https://www.econbiz.de/10012723289
This paper introduces the family of Weighted Aumann-Shapley values for piecewise linear fuzzy games. The regular Aumann … family of allocation rules inspired by the Shapley value in a fuzzy setting. We take a grid on the fuzzy participation set …, define paths on this grid and construct an allocation rule based on such a path. Then, we define a rule as the limit of the …
Persistent link: https://www.econbiz.de/10012938623
We introduce a theory on marginal values and their core stability for cooperative games with arbitrary coalition …
Persistent link: https://www.econbiz.de/10014175740
The identification of key players in a terrorist network can lead to prevention of attacks, due to efficient allocation …
Persistent link: https://www.econbiz.de/10014177191
The core cover of a TU-game is a superset of the core and equals the convex hull of its larginal vectors. A larginal vector corresponds to an order of the players and describes the efficient payoff vector giving the first players in the order their utopia demand as long as it is still possible...
Persistent link: https://www.econbiz.de/10014181798
returns. Two specific subclasses of deposit games are introduced. It is seen that each term dependent deposit game possesses a … core element. Capital dependent deposit games are also shown to have a core element and even a population monotonic … allocation scheme if the revenue function exhibits increasing returns to scale. Furthermore, it is shown that all superadditive …
Persistent link: https://www.econbiz.de/10014050439
In this paper we consider cooperative transferable utility games with limited communication structure, called graph … games. Agents are able to cooperate with each other only if they can communicate directly or indirectly with each other. For … the class of acyclic graph games recently the average tree solution has been proposed. It was proven that the average tree …
Persistent link: https://www.econbiz.de/10014050443