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Members of a shareholder meeting or legislative committee have greater or smaller voting power than meets the eye if the nucleolus of the induced majority game differs from the voting weight distribution. We establish a new sufficient condition for the weight and power distributions to be equal,...
Persistent link: https://www.econbiz.de/10010906372
We introduce the prediction value (PV) as a measure of players’ informational importance in probabilistic TU games. The latter combine a standard TU game and a probability distribution over the set of coalitions. Player i’s prediction value equals the difference between the conditional...
Persistent link: https://www.econbiz.de/10011256041
Power index research has been a very active field in the last decades. Will this continue or are all the important questions solved? We argue that there are still many opportunities to conduct useful research with and on power indices. Positive and normative questions keep calling for...
Persistent link: https://www.econbiz.de/10011272591
We investigate experimentally whether collective choice matters for individual attitudes to ambiguity. We consider a two-urn Ellsberg experiment: one urn offers a 45% chance of winning a fixed monetary prize, the other an ambiguous chance. Participants choose either individually or in groups of...
Persistent link: https://www.econbiz.de/10010887075
We present the Integrated Size and Price Optimization Problem (ISPO) for a fashion discounter with many branches. Based on a two-stage stochastic programming model with recourse, we develop an exact algorithm and a production-compliant heuristic that produces small optimality gaps. In a field...
Persistent link: https://www.econbiz.de/10010737021
Gvozdeva et al. (Int J Game Theory, doi:<ExternalRef> <RefSource>10.1007/s00182-011-0308-4</RefSource> <RefTarget Address="10.1007/s00182-011-0308-4" TargetType="DOI"/> </ExternalRef>, <CitationRef CitationID="CR17">2013</CitationRef>) have introduced three hierarchies for simple games in order to measure the distance of a given simple game to the class of (roughly) weighted voting games. Their third class <InlineEquation ID="IEq4"> <EquationSource Format="TEX">$${\mathcal {C}}_\alpha $$</EquationSource> <EquationSource Format="MATHML"> <math xmlns:xlink="http://www.w3.org/1999/xlink"> <msub> <mi mathvariant="script">C</mi> <mi mathvariant="italic">α</mi> </msub> </math> </EquationSource> </InlineEquation>...</equationsource></equationsource></inlineequation></citationref></refsource></externalref>
Persistent link: https://www.econbiz.de/10010993364
We state an integer linear programming formulation for the unique characterization of complete simple games, i.e. a special subclass of monotone Boolean functions. In order to apply the parametric Barvinok algorithm to obtain enumeration formulas for these discrete objects we provide a tailored...
Persistent link: https://www.econbiz.de/10010993414
We study minimum integer representations of weighted games, i.e. representations where the weights are integers and every other integer representation is at least as large in each component. Those minimum integer representations, if they exist at all, are linked with some solution concepts in...
Persistent link: https://www.econbiz.de/10011065189
Classical power index analysis considers the individual’s ability to influence the aggregated group decision by changing its own vote, where all decisions and votes are assumed to be binary. In many practical applications we have more options than either “yes” or “no”. Here we...
Persistent link: https://www.econbiz.de/10011030387
We propose the new Top-Dog-Index to quantify the historic deviation of the supply data of many small branches for a commodity group from sales data. On the one hand, the common parametric assumptions on the customer demand distribution in the literature could not at all be supported in our...
Persistent link: https://www.econbiz.de/10005083952