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We consider the problem of ranking sets of objects, the members of which are mutually compatible. Assuming that each object is either good or bad, we axiomatically characterize a cardinality-based rule which arises naturally in this dichotomous setting.
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In this paper we study hedonic games where each player views every other player either as a friend or as an enemy. Two simple priority criteria for comparison of coalitions are suggested, and the corresponding preference restrictions based on appreciation of friends and aversion to enemies are...
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This paper introduces the class of 2 × 2 × 2 trimatrix games with identical anonymous best-replies. For this class a complete classification on the basis of the Nash equilibrium set is provided.
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For cooperative games with transferable utility, convexity has turned out to be an important and widely applicable concept.Convexity can be defined in a number of ways, each having its own specific attractions.Basically, these definitions fall into two categories, namely those based on a...
Persistent link: https://www.econbiz.de/10011090592
Fall back equilibrium is a refinement of the Nash equilibrium concept. In the underly- ing thought experiment each player faces the possibility that, after all players decided on their action, his chosen action turns out to be blocked. Therefore, each player has to decide beforehand on a back-up...
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We apply the procedure to both existing and new classes of cooperative situations: sequencing situations without initial ordering, maintenance problems, minimum cost spanning tree situations, travelling salesman problems, shared taxi problems and travelling repairman problems.
Persistent link: https://www.econbiz.de/10011090736
In this paper, we characterise the compromise value of a game as the barycentre of the edges of its core cover.For this, we introduce the value, which extends the adjusted proportional rule for bankruptcy situations and coincides with the compromise value on a large class of games.
Persistent link: https://www.econbiz.de/10011090909
This paper analyses the role of transfer payments and strategic con- tracting within two-person strategic form games with monetary pay- offs. First, it introduces the notion of transfer equilibrium as a strat- egy combination for which individual stability can be supported by allowing the...
Persistent link: https://www.econbiz.de/10011090963