Showing 1 - 10 of 14
In this paper we provide a characterization of the set of fall back equilibria for <InlineEquation ID="IEq4"> <EquationSource Format="TEX">$$2 \times n$$</EquationSource> </InlineEquation> bimatrix games. Furthermore, for this type of games we discuss the relation between the set of fall back equilibria and the sets of perfect, proper and strictly perfect equilibria. In order to do...</equationsource></inlineequation>
Persistent link: https://www.econbiz.de/10010999869
This paper deals with interactive multiple fund investment situations, in which investors can invest their capital in a number of funds. The investors, however, face some restrictions. In particular, the investment opportunities of an investor depend on the behaviour of the other investors....
Persistent link: https://www.econbiz.de/10010949983
In this paper, we characterise the compromise value of a game as the barycentre of the edges of its core cover. For this, we introduce the τ* value, which extends the adjusted proportional rule for bankruptcy situations and coincides with the compromise value on a large class of games....
Persistent link: https://www.econbiz.de/10010999662
This note introduces a new monotonicity property for sequencing situations. A sequencing rule is called drop out monotonic if no player will be worse off whenever one of the players decides to drop out of the queue before processing starts. This intuitively appealing property turns out to be...
Persistent link: https://www.econbiz.de/10010999754
In this paper, we propose a new extension of the run-to-the-bank rule for bankruptcy situations to the class of multi-issue allocation situations. We show that this rule always yields a core element and that it satisfies self-duality. We characterise our rule by means of a new consistency...
Persistent link: https://www.econbiz.de/10010999765
We extend the consistency principle for strategic games (Peleg and Tijs (1996)) to apply to solutions which assign to each game a collection of product sets of strategies. Such solutions turn out to satisfy desirable properties that solutions assigning to each game a collection of strategy...
Persistent link: https://www.econbiz.de/10010950187
In this paper we consider communication situations in which utility is nontransferable. We compare this model with the more familiar model of transferable utility communication situations in terms of the corresponding graph-restricted games. We extend transferable utility results on the...
Persistent link: https://www.econbiz.de/10010950293
An aspect of casino games that in general leads to discussions among both participants and spectators, is the relative extent to which a player can positively influence his results by making appropriate strategic choices. This question is closely related to the issue of how to distinguish...
Persistent link: https://www.econbiz.de/10010949932
Persistent link: https://www.econbiz.de/10010949992
This paper considers a refinement of equilibria for multicriteria games based on the perfectness concept of Selten (1975). Existence of perfect equilibrium points is shown and several characterizations are provided. Furthermore, contrary to the result for equilibria for multicriteria games, an...
Persistent link: https://www.econbiz.de/10010950158