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We study a cooperative problem where agents contribute a certain amount of input in order to obtain a surplus. We assume that the average surplus with respect to the amount contributed is increasing. Within this basic model, a cooperative game is associated and the proportional distribution...
Persistent link: https://www.econbiz.de/10010726673
An assignment game is defined by a matrix A, where each row represents a buyer and each column a seller. If buyer i is matched with seller j, the market produces aij units of utility. We study Monge assignment games, that is bilateral cooperative assignment games where the assignment matrix...
Persistent link: https://www.econbiz.de/10010895706
For each assignment market, an associated bargaining problem is defined and some bargaining solutions to this problem are analyzed. For a particular choice of the disagreement point, the Nash solution and the Kalai-Smorodinsky solution coincide and give the midpoint between the buyers-optimal...
Persistent link: https://www.econbiz.de/10010851444
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This article considers single-valued solutions of transferable utility cooperative games that satisfy core selection and aggregate monotonicity, defined either on the set of all games, G <Superscript> N </Superscript>, or on the set of essential games, E <Superscript> N </Superscript> (those with a non-empty imputation set). The main result is that...</superscript></superscript>
Persistent link: https://www.econbiz.de/10010993421
The existence of von Neumann–Morgenstern solutions (stable sets) for assignment games has been an unsolved question since Shapley and Shubik (1972) [11]. For each optimal matching between buyers and sellers, Shubik (1984) [12] proposed considering the union of the core of the game and the core...
Persistent link: https://www.econbiz.de/10011042998
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Convex cooperative games were first introduced by Shapley (Int J Game Theory 1:11–26, <CitationRef CitationID="CR11">1971</CitationRef>) while population monotonic allocation schemes (PMAS) were subsequently proposed by Sprumont (Games Econ Behav 2:378–394, <CitationRef CitationID="CR13">1990</CitationRef>). In this paper we provide several characterizations of convex games and...</citationref></citationref>
Persistent link: https://www.econbiz.de/10011151107
We study under which conditions the core of a game involved in a max-convex decomposition of another game turns out to be a stable set of the decomposed game. Some applications and numerical examples, including the remarkable Lucas’ five player game with a unique stable set different from the...
Persistent link: https://www.econbiz.de/10010995367
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