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Persistent link: https://www.econbiz.de/10005369261
In this paper we offer an axiomatic approach for the investigation of rights by means of game forms. We give a new definition of constitution which consists of three components: the set of rights, the assignment of rights to groups of members of the society, and the distribution of power in the...
Persistent link: https://www.econbiz.de/10005369323
The concept of coalition proof Nash equilibrium was introduced by Bernheim et al. [5]. In the present paper, we consider the representation problem for coalition proof Nash equilibrium: For a given effectivity function, describing the power structure or the system of rights of coalitions in...
Persistent link: https://www.econbiz.de/10005369360
Two preimputations of a given TU game can be compared via the Lorenz order applied to the vectors of satisfactions. One preimputation is `socially more desirable' than the other, if its corresponding vector of satisfactions Lorenz dominates the satisfaction vector with respect to the second...
Persistent link: https://www.econbiz.de/10005369449
Persistent link: https://www.econbiz.de/10010558319