Showing 1 - 6 of 6
We consider situations where players are part of a network and belong to coalitions in a given coalition structure. We propose the concept of contractual stability to predict the networks that are going to emerge at equilibrium when the consent of coalition partners is needed for adding or...
Persistent link: https://www.econbiz.de/10010845495
Solution concepts in social environments use either a direct or indirect dominance relationship, depending on whether it is assumed that agents are myopic or farsighted. Direct dominance implies indirect dominance, but not the reverse. Hence, the predicted outcomes when assuming myopic (direct)...
Persistent link: https://www.econbiz.de/10011151102
In this paper we reformulate the necessary and sufficient conditions for the Shapley value to lie in the core of the game. Two new classes of games, which strictly include convex games, are introduced: average convex games and partially average convex games. Partially average convex games, which...
Persistent link: https://www.econbiz.de/10005371511
In this paper we define the Lorenz stable set, a subset of the core consisting of the allocations that are not Lorenz dominated by any other allocation of the core. We introduce the leximin stable allocation, which is derived from the application of the Rawlsian criterion on the core. We also...
Persistent link: https://www.econbiz.de/10005178886
Persistent link: https://www.econbiz.de/10005375614
We revisit n-player coordination games with Pareto-ranked Nash equilibria. As a novelty, we introduce fuzzy play and a matching device. By fuzzy play we mean that each player does not choose which pure strategy to play, but instead chooses a nonempty subset of his strategy set that he submits to...
Persistent link: https://www.econbiz.de/10005371492