Showing 1 - 10 of 53
We show that the Aumann-Davis-Maschler bargaining set and the Mas-Colell bargaining set of a non-leveled NTU game that is either ordinal convex or coalition merge convex coincides with the core of the game. Moreover, we show by means of an example that the foregoing statement may not be valid if...
Persistent link: https://www.econbiz.de/10013040545
Persistent link: https://www.econbiz.de/10008660604
On several classes of n-person NTU games that have at least one Shapley NTU value, Aumann characterized this solution by six axioms: Non-emptiness, efficiency, unanimity, scale covariance, conditional additivity, and independence of irrelevant alternatives (IIA). Each of the first five axioms is...
Persistent link: https://www.econbiz.de/10009506430
Persistent link: https://www.econbiz.de/10008909821
Persistent link: https://www.econbiz.de/10010516482
Persistent link: https://www.econbiz.de/10010443005
Persistent link: https://www.econbiz.de/10011392256
Persistent link: https://www.econbiz.de/10001283667
Persistent link: https://www.econbiz.de/10008858433
A cephoid is an algebraic ("Minkowski") sum of finitely many prisms in R^n. A cephoidal game is an NTU game the feasible sets of which are cephoids. We provide a version of the Shapley NTU value for such games based on the bargaining solution of Maschler-Perles. -- Cephoids ; Bargaining theory ;...
Persistent link: https://www.econbiz.de/10003730893