Showing 1 - 10 of 44
Different kinds of asymmetries between players can occur in core allocations, in that case the stability of the concept is questioned. One remedy consists in selecting robust core allocations. We review, in this note, results that all select core allocations in NTU games with different concepts...
Persistent link: https://www.econbiz.de/10005118579
We provide a result for non-emptiness of the core in NTU games. We use a payoffs-dependent balancedness condition, based on transfer rate mappings. Going beyond the non-emptiness of standard core, existence of some refined solution is proved, including specific core allocations and...
Persistent link: https://www.econbiz.de/10005118637
It is well known since Owen (Management Science, 1968) that the weights in the weighted Shapley value cannot be interpreted as a measure of power (i.e. of the ability to bargain) of the players. This paper proposes a new weight scheme for the Shapley value. Weights in this framework have to be...
Persistent link: https://www.econbiz.de/10005407525
A formal scheme is described for coalition formation in a game of interconnected participants with monotonic utility functions. Special coalitions are studied which have an advantage over the rest in the sense of higher utility for each of the participants taken separately.
Persistent link: https://www.econbiz.de/10005407534
We define the canonical form of a cost spanning tree problem. The canonical form has the property that reducing the cost of any arc, the minimal cost of connecting agents to the source is also reduced. We argue that the canonical form is a relevant concept in this kind of problems and study a...
Persistent link: https://www.econbiz.de/10005407561
An expanded model of value in cooperative games is presented in which value has either a linear or a proportional mode, and NTU value has either an input or an output basis. In TU games, the modes correspond to the Shapley (1953) and proportional (Feldman (1999) and Ortmann (2000)) values. In...
Persistent link: https://www.econbiz.de/10005407563
It is now almost a common truth that society needs to avoid environment contamination or damage become significant for nature protection programs of the government and wild life preservation efforts. A possible outcome of such efforts might occasionally be a voluntary solution, which results...
Persistent link: https://www.econbiz.de/10005407567
In this paper the random order approach to values of non-atomic games is reformulated by generating random orders from a fixed subgroup of automorphisms, $\Theta$ that admits an invariant probability measurable group structure. The resulting $\Theta$-symmetric random order value operator is...
Persistent link: https://www.econbiz.de/10005407568
Gul (Econometrica, 1989) introduces a non-cooperative bargaining procedure and claims that the payoffs of the resulting efficient stationary subgame perfect equilibria are close to the Shapley value of the underlying transferable utility game (when the discount factor is close to 1). We exhibit...
Persistent link: https://www.econbiz.de/10005407580
For each outcome (i.e.~a payoff vector augmented with a coalition structure) of a TU-game with a non-empty coalition structure core there exists a finite sequence of successively dominating outcomes that terminates in the coalition structure core. In order to obtain this result a restrictive...
Persistent link: https://www.econbiz.de/10005407594