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In this paper we provide an axiomatization of the Shapley value for TU-games using a fairness property. This property states that if to a game we add another game in which two players are symmetric then their payoffs change by the same amount. We show that the Shapley value is characterized by...
Persistent link: https://www.econbiz.de/10005598402
This paper discusses the core of the game corresponding to the standard fixed tree problem. We consider the weighted adaptation of the constrained egalitarian solution of Dutta and Ray (1989). The core of the standard fixed tree game equals the set of all weighted constrained egalitarian...
Persistent link: https://www.econbiz.de/10005375567
In this paper we consider cooperative games in which the possibilities for cooperation between the players are restricted because communication between the players is restricted. The bilateral communication possibilities are modeled by means of a (communication) graph. We are interested in how...
Persistent link: https://www.econbiz.de/10005598503
This paper defines "negotiation-proof Nash equilibrium'', a notion that applies to environments where players can negotiate openly and directly prior to the play of a noncooperative game. It recognizes the possibility that a group of self-interested players may choose, voluntarily and without...
Persistent link: https://www.econbiz.de/10005755721
This paper examines the -core of strategic games by means of the consistency principle. I provide a new definition of a reduced game for strategic games. And I define consistency (CONS) and two forms of converse consistency (COCONS and COCONS*) under this definition of reduced games. Then I...
Persistent link: https://www.econbiz.de/10005155704
First, we suggest and discuss second-order versions of properties for solutions for TU games used to characterize the Banzhaf value, in particular, of standardness for two-player games, of the dummy player property, and of 2-efficiency. Then, we provide a number of characterizations of the...
Persistent link: https://www.econbiz.de/10015358424
Persistent link: https://www.econbiz.de/10005375692
Three solution concepts for cooperative games with random payoffs are introduced. These are the marginal value, the dividend value and the selector value. Inspiration for their definitions comes from several equivalent formulations of the Shapley value for cooperative TU games. An example shows...
Persistent link: https://www.econbiz.de/10005155681
Persistent link: https://www.econbiz.de/10008594133
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