Showing 1 - 10 of 746
use efficiency which is not satisfied by the Banzhaf value. On the other hand, the Banzhaf value satisfies collusion … these axioms characterize the equal division solution. Further, we show that there is no solution that satisfies efficiency …, collusion neutrality and the null player property. Finally, we show that a solution satisfies efficiency, collusion neutrality …
Persistent link: https://www.econbiz.de/10011378796
satisfies collusion neutrality, while the Myerson value satisfies component efficiency. Requiring both efficiency and collusion …. Since these solutions also satisfy the superfluous player property, this also `solves' an impossibility for TU-games since … there is no solution for these games that satisfies efficiency, collusion neutrality and the null player property. We give …
Persistent link: https://www.econbiz.de/10011379462
Persistent link: https://www.econbiz.de/10009720511
One of the main issues in economics is the trade-off between marginalism and egalitarianism. In the context of cooperative games this trade-off can be framed as one of choosing to allocate according to the Shapley value or the equal division solution. In this paper we provide tools that make it...
Persistent link: https://www.econbiz.de/10011372987
player property for delta = 0. We show that efficiency, symmetry, linearity and this delta-reducing player property …
Persistent link: https://www.econbiz.de/10011380928
Cooperative games on antimatroids are cooperative games restricted by a combinatorial structure which generalize the permission structure. So, cooperative games on antimatroids group several well-known families of games which have important applications in economics and politics. Therefore, the...
Persistent link: https://www.econbiz.de/10011327837
Recently, cooperative game theory has been applied to various economic allocation problems in which players are not fully anonymous but belong to some relational structure. One of the most developed models in this respect are communications situations or (symmetric) network situations in which...
Persistent link: https://www.econbiz.de/10011334335
efficiency, fairness and a new axiom called component balancedness. This latter axiom compares for every component in the …
Persistent link: https://www.econbiz.de/10011386146
Persistent link: https://www.econbiz.de/10010190987
We use the Shapley value and the nucleolus to analyze the impact of three controversial pipeline projects on the power structure in the Eurasian trade of natural gas. Two pipelines, `Nord Stream' and `South Stream', allow Russian gas to bypass transit countries, Ukraine and Belarus. The third...
Persistent link: https://www.econbiz.de/10010490647