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This chapter studies the theory of value of games with infinitely many players.Games with infinitely many players are …-handed influence. The interactions are modeled as cooperative games with a continuum of players. In general, the continuum consists of … framework for mathematical analysis, and approximates the results for large finite games well. Also, it enables a unified view …
Persistent link: https://www.econbiz.de/10014024489
Least-Unmatched Price Auctions have become a popular format of TV and radio shows. Increasingly, they are also applied in internet trading. In these auctions the lowest single (unique) bid wins. We analyze the game-theoretic solution of least unmatched price auctions when prize, bidding cost and...
Persistent link: https://www.econbiz.de/10003747367
models of communication and hierarchy restrictions in cooperative games, compare different network structures with each other … illustrate these network structures by applying them to cooperative games with restricted cooperation. …
Persistent link: https://www.econbiz.de/10012434059
Persistent link: https://www.econbiz.de/10001788903
We study problems of allocating objects among people. Some objects may be initially owned and the rest are unowned. Each person needs exactly one object and initially owns at most one object. We drop the common assumption of strict preferences. Without this assumption, it suffices to study...
Persistent link: https://www.econbiz.de/10014183375
marginal contribution is a relevant means of allocating all the refinery’s CO2 emissions. The application of this allocation … rule leads to interesting results which can be used in a well-to-wheel life cycle assessment. In fact, this allocation rule …
Persistent link: https://www.econbiz.de/10014200104
games are given and bi-monotonic allocation schemes related to players' levels are introduced for such games. It turns out …This paper deals with a new class of multi-choice games, the class of multi-choice total clan games. The structure of … that some elements in the core of a multi-choice total clan game are extendable to such bi-monotonic allocation schemes via …
Persistent link: https://www.econbiz.de/10014223097
In this paper we introduce games with optimistic aspirations and identify attractive allocation rules for such games … not included in the coalition. We explain games with optimistic aspirations as well as our motivation for introducing such … games by means of an example …
Persistent link: https://www.econbiz.de/10014157876
Previous allocation rules for network games, such as the Myerson Value, implicitly or explicitly take the network … alternative network structures (not just sub-networks) can and should influence the allocation of value among players on any given … network structure. I present a family of allocation rules that incorporate information about alternative network structures …
Persistent link: https://www.econbiz.de/10014076141
We study marriage problems where two groups of agents match to each other and probabilistic assignments are possible. When only ordinal preferences are observable, an extensively studied efficiency notion is stochastic dominance efficiency (sd-efficiency). First, we provide a characterization of...
Persistent link: https://www.econbiz.de/10014143817