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If a player is removed from a game, what keeps the payoff of the remaining players unchanged? Is it the removal of a special player or its presence among the remaining players? This article answers this question in a complement study to Kamijo and Kongo (2012). We introduce axioms of invariance...
Persistent link: https://www.econbiz.de/10011191144
A new class of allocation rules combining marginalistic and egalitarian principles is introduced for cooperative TU-games. It includes some modes of solidarity among the players by taking the collective contribution of some coalitions to the grand coalition into account. Relationships with other...
Persistent link: https://www.econbiz.de/10011196785
This article shows that, for any transferable utility game in coalitional form with a nonempty coalition structure core, the number of steps required to switch from a payoff configuration out of the coalition structure core to a payoff configuration in the coalition structure core is less than...
Persistent link: https://www.econbiz.de/10010847829
Persistent link: https://www.econbiz.de/10010993401
We show that the core of any n-player TU-game with a non-empty core can be accessed with at most n−1 blocks. It turns out that this bound is optimal in the sense there are TU-games for which the number of blocks required to access the core is exactly n−1.
Persistent link: https://www.econbiz.de/10011049836
We provide a new and concise characterization of the Banzhaf value on the (linear) space of all TU-games on a fixed player set by means of two transparent axioms. The first one is the well-known Dummy player axiom. The second axiom, called Strong transfer invariance, indicates that a player's...
Persistent link: https://www.econbiz.de/10010945581
In this article, we study cooperative games with limited cooperation possibilities, represented by a tree on the set of agents. Agents in the game can cooperate if they are connected in the tree. We first derive direct-sum decompositions of the space of TU-games on a fixed tree, and two new...
Persistent link: https://www.econbiz.de/10010945582
In this article, we provide a new basis for the kernel of the Shapley value (Shapley, 1953), which is used to construct a new axiom of invariance, and to provide a new axiomatic characterization of the Shapley value. This characterization only invokes marginalistic principles, and does not rely...
Persistent link: https://www.econbiz.de/10010945583
The axiom of Balanced collective contributions is introduced as a collective variant of the axiom of Balanced contributions proposed by Myerson (1980). It requires that the identical average impact of the withdrawal of any agent from a game on the remaining population. It turns out that Balanced...
Persistent link: https://www.econbiz.de/10010945584
We study the set of allocation rules generated by component efficiency and weighted component fairness, a generalization of component fairness introduced by Herings et al. (2008). Firstly, if the underlying TU-game is superadditive, this set coincides with the core of a graph-restricted game...
Persistent link: https://www.econbiz.de/10011065197