Showing 1 - 10 of 87
games with non-empty cores this means that the core can be reached via a bounded sequence of blocks. …
Persistent link: https://www.econbiz.de/10010494320
portfolio by studying transferable utility cooperative games: risk allocation games. We show that the class of risk allocation … games coincides with the class of totally balanced games. As a limit case the aggregate portfolio can have the same payoff … in all states of nature. We prove that the class of risk allocation games with no aggregate uncertainty coincides with …
Persistent link: https://www.econbiz.de/10010494358
While they use the language of game theory known measures of a priory voting power are hardly more than statistical expectations assuming voters behave randomly. Focusing on normalised indices we show that rational players would behave differently from the in-dices predictions and propose a...
Persistent link: https://www.econbiz.de/10010494373
The European Union used to make decisions by unanimity or near unanimity. After a series of extensions, with 27 member states the present decision making mechanisms have become very slow and assigned power to the members in an arbitrary way. The new decision rules accepted as part of the Lisbon...
Persistent link: https://www.econbiz.de/10010494434
The traditional voting games are special transferable utility cooperative games, so-called simple games, where the … or not. In this paper we introduce general weighted voting games, where the value of a coalition is a random variable. We …
Persistent link: https://www.econbiz.de/10010494447
of totally balanced games and also on the class of exact games. Our result can also be seen as a downside of coherent …
Persistent link: https://www.econbiz.de/10010494462
We examine the notion of the core when cooperation takes place in a setting with time and uncertainty. We do so in a two-period general equilibrium setting with incomplete markets. Market incompleteness implies that players cannot make all possible binding commitments regarding their actions at...
Persistent link: https://www.econbiz.de/10010494468
We introduce the concept of a TUU-game, a transferable utility game with uncertainty. In a TUU-game there is uncertainty regarding the payoffs of coalitions. One out of a finite number of states of nature materializes and conditional on the state, the players are involved in a particular...
Persistent link: https://www.econbiz.de/10010494469
proof is not just simple and demonstrative but also provides an insight how the nucleolus is constructed in such games. …
Persistent link: https://www.econbiz.de/10010494472
Suppose that the agents of a matching market contact each other randomly and form new pairs if is in their interest. Does such a process always converge to a stable matching if one exists? If so, how quickly? Are some stable matchings more likely to be obtained by this process than others? In...
Persistent link: https://www.econbiz.de/10010494477