Showing 1 - 7 of 7
We propose and characterize weighted-egalitarian values for cooperative transferable utility games. Each weighted-egalitarian value divides the worth of the grand coalition into two parts and allocates them through equality and proportionality based on exogenous player weights. We characterize...
Persistent link: https://www.econbiz.de/10014547733
Given any alpha in [0,1], an alpha-constant-sum game on a finite set of players, N, is a function that assigns a real number to any coalition S (being a subset of the player set N), such that the sum of the worth of the coalition S and the worth of its complementary coalition N\S is alpha times...
Persistent link: https://www.econbiz.de/10012114775
We present axiomatic characterizations of the proportional division value for TU-games, a value that distributes the worth of the grand coalition in proportion to the stand-alone worths of its members. First, a new proportionality principle, called balanced treatment, is introduced by...
Persistent link: https://www.econbiz.de/10012233946
We introduce a family of proportional surplus division values for TU-games. Each value first assigns to each player a compromise between his stand-alone worth and the average stand-alone worths over all players, and then allocates the remaining worth among the players in proportion to their...
Persistent link: https://www.econbiz.de/10012233976
We characterize the equal division value, the equal surplus division value, and the class of their affine combinations for TU-games involving equal loss under separatorization. This axiom requires that, if a player becomes a dummifying player (Casajus and Huettner, in Economics Letters 122(2):...
Persistent link: https://www.econbiz.de/10012427143
We introduce a family of values for TU-games that offers a compromise between the proportional and equal division values. Each value, called an alpha-mollified value, is obtained in two steps. First, a linear function with respect to the worths of all coalitions is defined which associates a...
Persistent link: https://www.econbiz.de/10012427154
In this paper, we study the implications of extending the balanced cost reduction property from queueing problems to general games. As a direct translation of the balanced cost reduction property, the axiom of balanced externalities for solutions of games, requires that the payoff of any player...
Persistent link: https://www.econbiz.de/10012605990