Showing 1 - 10 of 141
We s tudy minimum cost spanning tree problems for a given set of users connected to a source. We propose a rule of sharing such that each user may pay her cost for such a tree plus an additional amount to the others users . A reduction of her cost appears as a compensation from the other users....
Persistent link: https://www.econbiz.de/10010991667
A new voting rule for electing committees is described. Specifically, we use approval balloting and propose a voting procedure guaranteeing that if a committee representing (in a determined proportion) all voters exists, then the selected committee has to represent all voters at least in the...
Persistent link: https://www.econbiz.de/10010991661
If we analyze the notion of stability (von Neumann and Morgenstern, 1944) it seems a desirable property to be fulfilled by any choice function. Paradoxically, the usual Condorcet choice functions (maximal set, top cycle, uncovered set, minimal covering, ...) are not stable in the VNM sense. In...
Persistent link: https://www.econbiz.de/10010991669
In 1950, Nash's seminal paper introduced the axiomatic approach to the analysis of bargaining situations. Since then, many bargaining solutions have appeared and been axiomatically analyzed. The fact that agents, when face a bargaining problem, can come up with different solution concepts (that...
Persistent link: https://www.econbiz.de/10010991670
We consider a cost sharing problem, where each individual is identi ed by a characteristic (a positive real number) ci: The two main positions on how to share a common cost M are the Egalitarian and the Proportional solutions. These solutions can be obtained as the Perron's eigenvectors (right...
Persistent link: https://www.econbiz.de/10010991678
The notion of a stable set (introduced by von Neumann and Morgenstern, 1944) is an important tool in the field of Decision Theory. Since then, some alternative definitions have appeared in the literature: the admissible set (Kalai and Schmeidler, 1977), the generalized stable set (van Deemen,...
Persistent link: https://www.econbiz.de/10010991679
The notion of a stable set (introduced by von Neumann and Morgenstern, 1944) is an important tool in the field of Decision Theory. However, unfortunately, the stable set has some disadvantages: it is not unique, it may select too many alternatives and, most importantly, it may fail to exist....
Persistent link: https://www.econbiz.de/10009652138
The problem of sharing a cost M among n individuals, identified by some characteristic ci∈R+, appears in many real situations. Two important proposals on how to share the cost are the egalitarian and the proportional solutions. In different situations a combination of both distributions...
Persistent link: https://www.econbiz.de/10011209344
This paper explores an integrated taxation system. Taking as a premise the proposals by the Carter Commission Report, we find out that proportional tax is the unique system that allows to neutrally integrate the taxable income. This analysis leads to explore new tax rules combining the extreme...
Persistent link: https://www.econbiz.de/10010991668
This note provides a way to translate an n-person strategic game to a characteristic cooperative game assuming that the set of players of the cooperative game is the set of pure actions of the strategic game. The Core is characterized through coalitions generated with only one action for each...
Persistent link: https://www.econbiz.de/10010991677