Showing 141 - 150 of 174
We suggest new characterizations of the Banzhaf value without the symmetry axiom, which reveal that the characterizations by Lehrer (1988, International Journal of Game Theory 17, 89-99) and Nowak (1997, International Journal of Game Theory 26, 127-141) as well as most of the characterizations...
Persistent link: https://www.econbiz.de/10010285420
In this paper, we introduce a component efficient value for TU games with a coalition structure which reflects the outside options of players within the same structural coalition. It is based on the idea that splitting a coalition should affect players who stay together in the same way. We show...
Persistent link: https://www.econbiz.de/10005408632
We provide new, concise characterizations of the Banzhaf value on a fixed player set employing just the standard dummy player property and one of the collusion properties suggested by Haller (Int J Game Theory 23:261–281, <CitationRef CitationID="CR8">1994</CitationRef>) and Malawski (Int J Game Theory 31:47–67, <CitationRef CitationID="CR11">2002</CitationRef>). Within these...</citationref></citationref>
Persistent link: https://www.econbiz.de/10010993400
We suggest a full consolidation approach that takes into account the property rights structure whithin the subsidiaries, in particular, the majority requirements on restructurings. Our approach employs a property rights index based on cooperative game theory.
Persistent link: https://www.econbiz.de/10010954230
We provide a new characterization of the Shapley value neither using the efficiency axiom nor the additivity axiom. In this characterization, efficiency is replaced by the gain-loss axiom (Einy and Haimanko, 2011, Game Econ Behav 73: 615-621), i.e., whenever the total worth generated does not...
Persistent link: https://www.econbiz.de/10010954231
We consider an analytic formulation/parametrization of the class of efficient, linear, and symmetric values for TU games that, in contrast to previous approaches, which rely on the standard basis, rests on the linear representation of TU games by unanimity games. Unlike most of the other...
Persistent link: https://www.econbiz.de/10010954232
We provide a new characterization of the Shapley value neither using the efficiency axiom nor the additivity axiom. In this characterization, efficiency is replaced by the gain-loss axiom (Einy and Haimanko, 2011), i.e., whenever the total worth generated does not change, a player can only gain...
Persistent link: https://www.econbiz.de/10011065143
We introduce a weighted version of the component efficient χ-value [Casajus, A., 2009. Outside options, component efficiency, and stability. Games and Economic Behavior 65 (1), 49–61] for TU games with a coalition structure. We provide characterizations both for a symmetric and for an...
Persistent link: https://www.econbiz.de/10011065162
We provide a new interpretation of the potential of the Shapley value as the expected worth of some random partition of the player set. Using this insight, we advocate the potential as an index of power concentration in simple monotonic games.
Persistent link: https://www.econbiz.de/10011076560
Within a simple setup, we show that proportional taxation is implied by three properties: efficiency, symmetry, and monotonicity. Efficiency: redistribution has no cost. Symmetry: members of the society with the same performance obtain the same reward after redistribution. Monotonicity: whenever...
Persistent link: https://www.econbiz.de/10010936498