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A new bargaining set based on notions of both internal and external stability is developed in the context of endogenous coalition formation. It allows to make an explicit distinction between within-group and outside-group deviation options. This type of distinction is not present in current...
Persistent link: https://www.econbiz.de/10012733871
shown that the core of a TU-game coincides with the core of the corresponding minimal rights game. Moreover, the paper … introduces the notion of the k-core cover as an extension of the core cover. The k-core cover of a TU-game consists of all … minimal rights game. It is shown that the core of a TU-game with player set N coincides with the L|N |/2-̦core cover …
Persistent link: https://www.econbiz.de/10010224779
The core cover of a TU-game is a superset of the core and equals the convex hull of its larginal vectors. A larginal … called compromise stable if the core is equal to the core cover, i.e. the core is the convex hull of the larginal vectors. In … larginal vector of the set is a core element, then the game is compromise stable. The first characterization of these sets is …
Persistent link: https://www.econbiz.de/10014181798
merge convex and ordinal convex. Generalizing the notions of core cover and compromise stability for transferable utility …
Persistent link: https://www.econbiz.de/10010250500
of coalitions are explicitly taken into account. We formulate conditions under which it leads to a core element and …
Persistent link: https://www.econbiz.de/10012957744
cooperative games with transferable utility. This notion is used to axiomatically characterize the core on the domain of convex … value, (b) all homothetic images of the core with the Shapley value as center of homothety and with positive ratios of …
Persistent link: https://www.econbiz.de/10012824091
We generalize the characterizations of the positive core and the positive prekernel to TU games with precedence … constraints and show that the positive core is characterized by non-emptiness (NE), boundedness (BOUND), covariance under … generalized Davis-Maschler reduced games, and the possibility of nondiscrimination. The bounded positive core, i.e., the union of …
Persistent link: https://www.econbiz.de/10014146018
It is well-known that the core on several domains of cooperative transferable utility (TU) and nontransferable utility … is shown that, if communication structures are present, the core may still be characterized on balanced TU games, on … totally balanced TU games, on NTU games with a nonempty core, on the domains of all TU or NTU games, and on several other …
Persistent link: https://www.econbiz.de/10014147814
shown that the core of a TU-game coincides with the core of the corresponding minimal rights game. Moreover, the paper … introduces the notion of the k-core cover as an extension of the core cover. The k-core cover of a TU-game consists of all … minimal rights game. It is shown that the core of a TU-game with player set N coincides with the ⌊|N |/2⌋-core cover …
Persistent link: https://www.econbiz.de/10014038137
This paper considers situations characterized by a common-pool resource, which needs to be divided among agents. Each of the agents has some claim on this pool and an individual reward function for assigned resources. This paper analyzes not only the problem of maximizing the total joint reward,...
Persistent link: https://www.econbiz.de/10013128540