Showing 1 - 10 of 13
In this paper, we deal with situations arising from markets where an Internet search service provider offers a service of listing firms in decreasing order according to what they have bid. We call these ranking auction situations and introduce the corresponding TU-games. The core, as well as the...
Persistent link: https://www.econbiz.de/10011011322
This paper addresses a problem with an argument in Kranich, Perea, and Peters [2005] supporting their definition of the Weak Sequential Core and their characterization result. We also provide the remedy, a modification of the definition, to rescue the characterization.
Persistent link: https://www.econbiz.de/10009018942
This paper investigates core stability of cooperative (TU) games via a fuzzy extension of the totally balanced cover of a cooperative game. The stability of the core of the fuzzy extension of a game, the concave extension, is shown to reflect the core stability of the original game and vice...
Persistent link: https://www.econbiz.de/10009366450
In cooperative games, due to computational complexity issues, deviant agents are not able to base their behavior on the outsiders' status but have to follow certain beliefs as to how it is in their strategic interest to act. This behavior constitutes the main interest of this paper. To this end,...
Persistent link: https://www.econbiz.de/10010662637
We look at the basic applications of cooperative game theory to economic situations. These include bargaining and cooperative equilibria, especially as the number of players increases without bound. The core and the Shapley value are the fundamental tools for these applications. We consider the...
Persistent link: https://www.econbiz.de/10010883241
Consider the cooperative coalition games with side payments. Bargaining sets are calculated for all possible coalition structures to obtain a collection of imputations rather than single imputation. Our aim is to obtain a single payoff vector, which is acceptable by all players of the game under...
Persistent link: https://www.econbiz.de/10004970217
In this note, we state a zero-maximum principle for core allocations, a result which was foreseen by Luenberger (1995). We prove a generalization of the first-zero maximum theorem of Luenberger. Roughly said, an allocation is in the core if for every coalition, the sum of individual benefit...
Persistent link: https://www.econbiz.de/10004977751
In this paper we provide characterizations of convex games and total clan games by using properties of their corresponding marginal games. We show that a "dualize and restrict" procedure transforms total clan games with zero worth for the clan into monotonic convex games. Furthermore, each...
Persistent link: https://www.econbiz.de/10005012066
This paper deals with the non-emptiness of the stability set for any proper voting game. We present an upper bound on the number of alternatives which guarantees the non emptiness of this solution concept. We show that this bound is greater than or equal to the one given by Le Breton and Salles...
Persistent link: https://www.econbiz.de/10005047548
Core elements (a la Aubin) of a fuzzy game can be associated with additive separable supporting functions of fuzzy games. Generalized cores whose elements consist of more general separable supporting functions of the game are introduced and studied. While the Aubin core of unanimity games can be...
Persistent link: https://www.econbiz.de/10005047560