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Persistent link: https://www.econbiz.de/10005813706
This article considers single-valued solutions of transferable utility cooperative games that satisfy core selection and aggregate monotonicity, defined either on the set of all games, G <Superscript> N </Superscript>, or on the set of essential games, E <Superscript> N </Superscript> (those with a non-empty imputation set). The main result is that...</superscript></superscript>
Persistent link: https://www.econbiz.de/10010993421
We introduce the aggregate-monotonic core as the set of allocations of a transferable utility cooperative game attainable by single-valued solutions that satisfy core-selection and aggregate-monotonicity. We provide a necessary and sufficient condition for the coincidence of the core and the...
Persistent link: https://www.econbiz.de/10005066748
We characterize single-valued solutions of transferable utility cooperative games satisfying core selection and aggregate monotonicity. Fur- thermore, we show that these two properties are compatible with individual rationality, the dummy player property and the symmetry property. We nish...
Persistent link: https://www.econbiz.de/10008518895
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The main objective of the paper is to study the locus of all core selection and aggregate monotonic point solutions of a TU-game: the aggregate-monotonic core. Furthermore, we characterize the class of games for which the core and the aggregate-monotonic core coincide. Finally, we introduce a...
Persistent link: https://www.econbiz.de/10010547391
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Maschler et al. (1979) provide a geometrical characterization for the intersection of the kernel and the core of a coalitional game, showing that those allocations that lie in both sets are always the midpoint of certain bargaining range between each pair of players. In the case of the...
Persistent link: https://www.econbiz.de/10009371382
We study under which conditions the core of a game involved in a max-convex decomposition of another game turns out to be a stable set of the decomposed game. Some applications and numerical examples, including the remarkable Lucas’ five player game with a unique stable set different from the...
Persistent link: https://www.econbiz.de/10010995367