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This paper studies the relation between optimal dam capacity and water management under rivalry uses and externalities …-linear building cost of dam capacity and externalities in a welfare optimization model. We obtain the optimal dam capacity for multi …
Persistent link: https://www.econbiz.de/10010421750
We propose the "average approach," where the worth of a coalition is a weighted average of its worth for different partitions of the players' set, as a unifying method to extend values for characteristic function form games. Our method allows us to extend the equal division value, the equal...
Persistent link: https://www.econbiz.de/10011509414
This paper studies coalition formation among individuals who differ in productivity. The output of a coalition is determined by the sum of productivities if the coalition exceeds a minimal threshold of members. We consider competitive societies in which the surplus of a coalition is split...
Persistent link: https://www.econbiz.de/10012896560
average approach provided by Macho-Stadler et al. (J Econ Theory 135:339-356, 2007). -- externalities ; marginal contributions … of the marginal contributions for environments with externalities. The dummy property related to it is defined. We adapt … theory of games II. Princeton University Press, Princeton, pp 307317, 1953) to characterize our value. In addition, we …
Persistent link: https://www.econbiz.de/10009355896
river in which net emissions accumulate and induce negative externalities to downstream riparians. Assuming a cooperative …
Persistent link: https://www.econbiz.de/10011297662
satiable agents, i.e., the benefit function is decreasing beyond some satiation point. In such situations externalities appear … has an increasing benefit function (no externalities) then every weighted hierarchical solution is core-stable. In ca! se … of satiation points, it appears that every weighted hierarchical solution is independent of the externalities …
Persistent link: https://www.econbiz.de/10014191059
potential partners but also over what other matches occur. Once such externalities are considered, the set of stable matchings …
Persistent link: https://www.econbiz.de/10014067988
river in which net emissions accumulate and induce negative externalities to downstream riparians. Assuming a cooperative …
Persistent link: https://www.econbiz.de/10012061914
One of the long-debated issues in coalitional game theory is how to extend the Shapley value to games with … externalities. In particular, when externalities occur, a direct translation of Shapley's axioms does not imply a unique value. In … contributions), translated to games with externalities using the proper definition of the alpha-parametrized marginal contribution …
Persistent link: https://www.econbiz.de/10013077721
We study the implementation of social choice rules in environments with externalities. We prove the impossibility of …
Persistent link: https://www.econbiz.de/10012824212