Showing 1 - 10 of 28
We study cost-sharing rules in network problems where agents seek to ship quantities of some good to their respective locations, and the cost on each arc is linear in the flow crossing it. In this context, Core Selection requires that each subgroup of agents pay a joint cost share that is not...
Persistent link: https://www.econbiz.de/10015213325
We consider cooperative games where the characteristic function is valued in the space of the fuzzy numbers. By using different fuzzy calculation methods to transform the game into a crisp cooperative one, we define and characterize an efficient extension of the Shapley value. This solution is a...
Persistent link: https://www.econbiz.de/10015214190
The Boruvka's algorithm, which computes the minimum cost spanning tree, is used to define a rule to share the cost among the nodes (agents). We show that this rule coincides with the folk solution, a very well-known rule of this literature.
Persistent link: https://www.econbiz.de/10015218597
Minimum cost spanning tree problems are well known problems in the Operations Research literature. Some agents, located at different geographical places, want a service provided by a common supplier. Agents will be served through costly connections. Some part of the literature has focused,...
Persistent link: https://www.econbiz.de/10015228317
We characterize, in minimum cost spanning tree problems, the family of rules satisfying monotonicity over cost and population. We also prove that the set of allocations induced by the family coincides with the irreducible core.
Persistent link: https://www.econbiz.de/10015232907
In bargaining problems, a rule satisfies ordinal invariance if it does not depend on order-preserving transformations of the agents' utilities. In this paper, a simple non-cooperative game for three agents, based on bilateral offers, is presented. The ordinal Shapley rule arises in subgame...
Persistent link: https://www.econbiz.de/10015235348
We consider land rental between a single tenant and several lessors. The tenant should negotiate sequentially with each lessor for the available land. In each stage, we apply the Nash bargaining solution. Our results imply that, when all land is necessary, a fixed price per unit is more...
Persistent link: https://www.econbiz.de/10015256938
A single tenant demands a particular amount of land from several lessors. The way lessors rent their land can be seen as equivalent to a bankruptcy problem. We extend self-duality in bankruptcy problems to these land rental situations. We provide a complete characterization of the family of...
Persistent link: https://www.econbiz.de/10015256994
We define a new value for games with levels structure. We introduce a new property in this class of games, balanced per capita contributions, which is related with others in the literature. We provide an axiomatic characterization of this value using this new property.
Persistent link: https://www.econbiz.de/10015257871
We study three values for transferable utility games with coalition structure, including the Owen coalitional value and two weighted versions with weights given by the size of the coalitions. We provide three axiomatic characterizations using the properties of Efficiency, Linearity, Independence...
Persistent link: https://www.econbiz.de/10015261617