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This paper deals with bankruptcy problems in which the players have different utility functions defined in terms of the quantity of allocated resources. We tackle this kind of situation by means of a game without transferable utility and provide two characterizations of the CEA-rule in this...
Persistent link: https://www.econbiz.de/10010759217
The aim of this note is to provide a unified theory of all compromise values defined as the τ-value in cooperative game theory. The so-called covariance property plays a crucial role in our approach and, related to this property, a family of covariant compromise values is introduced. The...
Persistent link: https://www.econbiz.de/10010759453