Showing 1 - 10 of 588
We study linearly weighted versions of the least core and the (pre)nucleolus and investigatethe reduction possibilities in their computation. We slightly extend some well-known related results and establish their counterparts by using the dual game. Our main results imply, for example, that if...
Persistent link: https://www.econbiz.de/10012016477
We show that the core of each strongly size monotonic hedonic game is not empty and is externally stable. This is in sharp contrast to other sufficient conditions for core non-emptiness which do not even guarantee the existence of a stable set in such games
Persistent link: https://www.econbiz.de/10014179795
Different axiomatic systems for the Shapley value can be found in the literature. For games with a coalition structure, the Shapley value also has been axiomatized in several ways. In this paper, we discuss a generalization of the Shapley value to the class of partition function form games. The...
Persistent link: https://www.econbiz.de/10014199078
Persistent link: https://www.econbiz.de/10014218575
This paper first establishes a new core theorem using the concept of generated payoffs: the TU (transferable utility) core is empty if and only if the maximum of generated payoffs (mgp) is greater than the grand coalition's payoff v(N), or if and only if it is irrational to split v(N). It then...
Persistent link: https://www.econbiz.de/10014219135
This paper advances the idea that, in a variety of environments, it is natural to think of the solution of a (coalition form) game as an ordering of the players rather than as a division of the value of coalitions. Orderings that are characterized by an average of the desirability of one player...
Persistent link: https://www.econbiz.de/10014220475
A new model of TU game is introduced and studied. Here apart from the characteristic function, two additional functions are used: relations between the players and the probability of coalition formation. We suggest and study the sufficient properties of the probability function to transform it...
Persistent link: https://www.econbiz.de/10014102140
We show that the characterization result of the weak core correspondence in simple games in Takamiya et al. (2018) still holds true even when the set of alternatives contains uncountably infinite elements
Persistent link: https://www.econbiz.de/10012913496
This chapter studies the theory of value of games with infinitely many players.Games with infinitely many players are models of interactions with many players. Often most of the players are individually insignificant, and are effective in the game only via coalitions. At the same time there may...
Persistent link: https://www.econbiz.de/10014024489
This chapter surveys a sizable and growing literature on coalition formation. We refer to theories in which one or more groups of agents (“coalitions”) deliberately get together to jointly determine within-group actions, while interacting noncooperatively across groups. The chapter describes...
Persistent link: https://www.econbiz.de/10014025454