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This chapter studies the theory of value of games with infinitely many players.Games with infinitely many players are …-handed influence. The interactions are modeled as cooperative games with a continuum of players. In general, the continuum consists of … framework for mathematical analysis, and approximates the results for large finite games well. Also, it enables a unified view …
Persistent link: https://www.econbiz.de/10014024489
value takes into account the specific role of an agent within the network, i.e. the communication path. We define and … an agent within the network. -- Cooperative games ; graph-restricted games ; networks ; position value ; outside options …
Persistent link: https://www.econbiz.de/10009579247
An extension of the Shapley value for games in partition function form is proposed in the paper. We introduce a version … the system of axioms provided by Shapley (A value for n-Person games. In: Kuhn H, Tucker A (eds) Contributions to the … 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
On several classes of n-person NTU games that have at least one Shapley NTU value, Aumann characterized this solution …, provided that the class of games is not further restricted. Moreover, we present an example of a solution that satisfies the … first five axioms and violates IIA for two-person NTU games (N, V ) with uniformly p-smooth V(N). -- NTU game ; Shapley NTU …
Persistent link: https://www.econbiz.de/10009506430
In this paper we address several issues related to collective dichotomous decision-making by means of quaternary voting rules, i.e., when voters may choose between four actions: voting yes, voting no, abstaining and not turning up-which are aggregated by a voting rule into a dichotomous...
Persistent link: https://www.econbiz.de/10009506468
Switzerland is famous for its vocational education and training (VET) system. This article describes Switzerland's success in integrating adolescents into the labour market, with emphasis on two aspects. First, dual-track VET, which combines learning at school and in host companies, is an...
Persistent link: https://www.econbiz.de/10011280815
This paper investigates the influence of physical attractiveness on cooperative behavior. We survey data from 211 episodes of a television game show and combine it with independent facial attractiveness ratings of the show's contestants. The final of the show represents a simultaneous one-shot...
Persistent link: https://www.econbiz.de/10009746742
n agents located along a river generate residues that then require cleaning to return the river to its natural state, which entails some cost. We propose several rules to distribute the total pollutant-cleaning cost among all the agents. We provide axiomatic characterizations using properties...
Persistent link: https://www.econbiz.de/10009756937
We introduce a model of dyadic social interactions and establish its correspondence with relational models theory (RMT), a theory of human social relationships. RMT posits four elementary models of relationships governing human interactions, singly or in combination: Communal Sharing, Authority...
Persistent link: https://www.econbiz.de/10010257506
Mediation is a dispute resolution process whereby agents reach a mutually acceptable agreement among different proposals that satisfy a set of principles. This paper provides a natural way of coming to such agreements in claims problems. In our approach, mediation combines (i) a set of fair...
Persistent link: https://www.econbiz.de/10010422245