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We consider an economy with non-Samuelsonian public goods and we focus on linear cost sharing. In a linear cost sharing equilibrium all agents in the economy optimize given a certain fixed cost share to be contributed towards the provision of public goods in the economy. Hence, each agent pays a...
Persistent link: https://www.econbiz.de/10005147168
In this paper we provide an axiomatization of the Shapley value restricted to the class of apex games using an equal loss property which states that the payoff of an apex player and a non-apex player decrease by the same amount if we make this particular non-apex player a null player. We also...
Persistent link: https://www.econbiz.de/10005596426
A value mapping for cooperative games with transferable utilities is a mapping that assigns to every game a set of vectors each representing a distribution of the payoffs. A value mapping is efficient if to every game it assigns a set of vectors which components all sum up to the worth that can...
Persistent link: https://www.econbiz.de/10005752869
We consider plurality voting games being simple games in partition function form such that in every partition there is at least one winning coalition. Such a game is said to be weighted if it is possible to assign weights to the players in such a way that a winning coalition in a partition is...
Persistent link: https://www.econbiz.de/10014504183