Showing 1 - 7 of 7
The aim of this paper is to present a new value of a cooperative game for the case of limited communication between players. The communication system we consider may be represented by a simple graph, that is, only pairwise meetings can occur and some of them are not permitted. An associated game...
Persistent link: https://www.econbiz.de/10005479076
In this work, a new axiomatization of the Shapley value is presented. An associated game is constructed which can also be interpreted as a perturbation of the original game. We define a sequence of games, when the term of order n, in this sequence, is the associated game of the term of order (n-1).
Persistent link: https://www.econbiz.de/10005634335
This paper presents two new axiomatizations of the Owen value for games with coalition structures. Other axiomatizations can be found in the literature: Owen (1977), Hart and Kurz (1983), and Winter (1992). The driving force of my axiomatization is a consistency axiom based on an associated...
Persistent link: https://www.econbiz.de/10005634392
The present paper proposes new concepts and a new scenario with which to analyze cooperative interim contracting and re-contracting in an organization.
Persistent link: https://www.econbiz.de/10005656786
The issue of the connection between correlated equilibria of Maskin-Tirole (1987) economies and finite markovian stationary sunspot equilibria of overlapping generations economies is reconsidered in this paper.
Persistent link: https://www.econbiz.de/10005656788
Each solution concept on a class of normal form games with a given outcome space can be regarded as a social choice correspondence. Here we present a general method of constructing compound solution concepts out of given ones by means of games of pretension.
Persistent link: https://www.econbiz.de/10005656789
In this paper we extend an egalitarian solution for two-person games to n-person cooperative games so that the estalished standard is observed for every two agents of the game.
Persistent link: https://www.econbiz.de/10005656790