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In this paper we introduce a property of balanced contributions in the context of multi-issue allocation situations.Using this property, we characterise the run-to-the bank rule for multi-issue allocation situations
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This paper considers two-stage solutions for multi-issue allocation situations. Characterisations are provided for the two-stage constrained equal awards and constrained equal losses rules, based on the properties of composition and path independence
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In this paper we introduce games with optimistic aspirations and identify attractive allocation rules for such games through axiomatizations. A game with optimistic aspirations specifies two values for each coalition of players: the first value is the worth that the players in the coalition can...
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In this paper we propose a new method to associate a coalitional game with each strategic game. The method is based on the lower value of matrix games. We axiomatically characterize this new method, as well as the method that was described in von Neumann and Morgenstern (1944). As an...
Persistent link: https://www.econbiz.de/10014075827
Multi-issue allocation situations study problems where we have to divide an estate among a group of agents. The claim of each agent is a vector specifying the amount claimed by each agent on each issue. We present a two-stage rule. First we divide the estate among the issues following the...
Persistent link: https://www.econbiz.de/10015262854
Multi-issue allocation situations study problems where we have to divide an estate among a group of agents. The claim of each agent is a vector specifying the amount claimed by each agent on each issue. We present a two-stage rule. First we divide the estate among the issues following the...
Persistent link: https://www.econbiz.de/10015264231