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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...
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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...
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There are two recognized classes of strategic-form symmetric games, both of which can be conveniently defined through the corresponding player symmetry groups. We investigate the basic properties of these groups and several related concepts. We generalize the notion of coveringness of...
Persistent link: https://www.econbiz.de/10014081574
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/10012890604