Showing 1 - 10 of 1,093
We consider an extension of minimum cost spanning tree (mcst) problems in which some agents do not need to be connected to the source, but might reduce the cost of others to do so. Even if the cost usually cannot be computed in polynomial time, we extend the characterization of the Kar solution...
Persistent link: https://www.econbiz.de/10010753434
The equitable division of a joint cost (or a jointly produced output) among agents with different shares or types of output (or input) commodities, is a central theme of the theory of cooperative games with transferable utility. Ever since Shapley's seminal contribution in 1953, this question...
Persistent link: https://www.econbiz.de/10014023837
, players splitting into a number of smaller units. This paper collects some (im)possibility results on merging- and splitting …Allocation rules for cooperative games can be manipulated by coalitions merging into single players, or, conversely …
Persistent link: https://www.econbiz.de/10010993353
We provide new characterisations of the equal surplus division value. This way, the difference between the Shapley value, the equal surplus division value, and the equal division value is pinpointed to one axiom.
Persistent link: https://www.econbiz.de/10010743700
We study allocation rules that are robust to coalitional manipulation by transferring, merging, or splitting individual … characteristics among coalition partners (e.g. merging or splitting claims in bankruptcy problems). Coalition formation is restricted …
Persistent link: https://www.econbiz.de/10011043011
We study the problem of rationing a divisible good among a group of people. Each personʼs preferences are characterized by an ideal amount that he would prefer to receive and a minimum quantity that he will accept: any amount less than this threshold is just as good as receiving nothing at all....
Persistent link: https://www.econbiz.de/10011049879
We consider the “airport problem”, which is concerned with sharing the cost of an airstrip among agents who need airstrips of different lengths. We investigate the implications of two properties, Left-endpoint Subtraction (LS) bilateral consistency and LS converse consistency, in the airport...
Persistent link: https://www.econbiz.de/10011049883
We explore in this paper the axiomatic approach to the problem of sharing the revenue from museum passes. We formalize two models for this problem on the grounds of two different informational bases. In both models, we provide axiomatic rationale for natural rules to solve the problem. We,...
Persistent link: https://www.econbiz.de/10011190613
This paper starts from a classical fair division situation of allocating an object among a set of agents. The problem is studied from both a cooperative and a bankruptcy point of view, analyzing the fairness properties of the proposed solutions.
Persistent link: https://www.econbiz.de/10010580510
Users need to connect a pair of target nodes in the network. They share the fixed connection costs of the edge. The system manager elicits target pairs from users, builds the cheapest forest meeting all demands, and choose a cost sharing rule satisfying:
Persistent link: https://www.econbiz.de/10010785189