Showing 1 - 10 of 59
Persistent link: https://www.econbiz.de/10003797620
We consider the problem of how to distribute public expenditure among the different regions of an economic entity after all taxes have been collected. Typical examples are: the regions that make up a country, the states of a federal country, or the countries of a confederation of countries. We...
Persistent link: https://www.econbiz.de/10012694354
We propose two variations of the non-cooperative bargaining model for games in coalitional form, introduced by Hart and Mas-Colell (1996a). These strategic games implement, in the limit, two new NTU-values: The random marginal and the random removal values. The main characteristic of these...
Persistent link: https://www.econbiz.de/10015216241
Action-Set games are transferable utility games where the set of players is finite, every player has a finite set of actions, and the worth of the game is a function of the actions taken by the players. In this setting a rule has to determine individual payoffs at each combinations of actions....
Persistent link: https://www.econbiz.de/10015216349
We consider the problem of how to distribute public expenditure among the different regions of an economic entity after all taxes have been collected. Typical examples are: the regions that make up a country, the states of a federal country, or the countries of a confederation of countries. We...
Persistent link: https://www.econbiz.de/10014496062
Two concepts of replication (conflictual and non-conflictual) are extended from the class of pure bargaining games to the class of NTU games. The behavior of the Harsanyi, Shapley NTU, Egalitarian and Maschler-Owen solutions of the replica games is compared with that of the Nash and Egalitarian...
Persistent link: https://www.econbiz.de/10005375691
Persistent link: https://www.econbiz.de/10005409127
In this paper a method is offered for calculating the power of political parties in the Spanish parliament. This is a modification of the Shapley-Shubik index which allows the ideological affinities between parties to be taken into account. It extends Myerson's model of games with restricted...
Persistent link: https://www.econbiz.de/10010777985
The family of discounted Shapley values is analyzed for cooperative games in coalitional form. We consider the bargaining protocol of the alternating random proposer introduced in Hart and Mas-Colell (1996). We demostrate that the discounted Shapley values arise as the expected payoffs...
Persistent link: https://www.econbiz.de/10010784900
We define and characterize the class of all weighted solidarity values. Our first characterization employs the classical axioms determining the solidarity value (except symmetry), that is, efficiency, additivity and the A-null player axiom, and two new axioms called proportionality and strong...
Persistent link: https://www.econbiz.de/10011065168