Showing 1 - 10 of 28
In a deposit game coalitions are formed by players combining their capital. The proceeds of their investments then have to be divided among those players. The current model extends earlier work on capital deposits by allowing reinvestment of returns. Two specific subclasses of deposit games are...
Persistent link: https://www.econbiz.de/10014050439
This paper provides an overview of the various shapes the bestreply multifunctions can take in 2x2x2 trimatrix games. It is shown that, unlike in 2x2 bimatrix games, the best replies to the opponents pure strategies do not completely determine the structure of the Nash equilibrium set
Persistent link: https://www.econbiz.de/10014052878
In this paper preparation sequencing situations are introduced. This new type of one-machine sequencing situations assumes that before a job can start, some preparation depending on its predecessor is required. Preparation sequencing situations are first analyzed from an operations research...
Persistent link: https://www.econbiz.de/10014196913
In this paper we introduce and analyze the procedural egalitarian solution for transferable utility games. This new concept is based on the result of a coalitional bargaining procedure in which egalitarian considerations play a central role. The procedural egalitarian solution is the first...
Persistent link: https://www.econbiz.de/10012981731
We analyze clearing mechanisms in financial networks in which agents may have both monetary individual assets and mutual liabilities. A clearing mechanism prescribes mutual payments between agents to settle their mutual liabilities. The corresponding payments, summarized in a payment matrix, are...
Persistent link: https://www.econbiz.de/10013222012
Supply chain collaboration has the potential to address issues of inefficiency and lack of coordination that often drives down the competitiveness of supply chains. However, collaboration in supply chains is difficult due to ever increasing complexity and conflicting objectives prevalent in...
Persistent link: https://www.econbiz.de/10013238211
Proper equilibrium plays a prominent role in the literature on non-cooperative games. The underlying thought experiment is, however, unsatisfying, as it gives no justification for its fundamental idea that severe mistakes are made with a significantly smaller probability than innocuous ones. In...
Persistent link: https://www.econbiz.de/10013097703
This paper analyzes a single-machine scheduling problem with family setup times both from an optimization and a cost allocation perspective. In a so-called family sequencing situation jobs are processed on a single machine, there is an initial processing order on the jobs, and every job within a...
Persistent link: https://www.econbiz.de/10013106485
This paper introduces a new class of interactive cooperative purchasing situations and provides an explicit alternative characterization of the nucleolus of cooperative games, which offers an alternative to Kohlberg (1971). In our cooperative purchasing situation, the unit price of a commodity...
Persistent link: https://www.econbiz.de/10013107420
In a resource allocation problem there is a common-pool resource, which has to be divided among agents. Each agent is characterized by a claim on this pool and an individual concave reward function on assigned resources. An assignment of resources is optimal if the total joint reward is...
Persistent link: https://www.econbiz.de/10013061679