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This paper is concerned with the question of how to define the core when cooperation takes place in a dynamic setting …-games. Three different core concepts are presented: the classical core, the strong sequential core and the weak sequential core …. Sufficient conditions are given for nonemptiness of the classical core in general and of the weak sequential core for the case of …
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The pre-nucleolus is a popular egalitarian solution concept for cost-sharing games. A drawback of this concept is that an associated cost allocation often cannot be calculated in polynomial time. Therefore, it would be convenient to know whether the pre-nucleolus of a particular game coincides...
Persistent link: https://www.econbiz.de/10005081018
The literature on game theory and fisheries is reviewed, beginning with the initial papers from the late 1970s on cooperative and noncooperative games. Later developments considered repeated games and trigger strategies as well as the stability of coalitions. It is argued that the latter...
Persistent link: https://www.econbiz.de/10010603977
This chapter surveys some of the literature in game theory that has emerged from Shapley's seminal paper on the Value. The survey includes both contributions which offer different interpretations of the Shapley value as well as several different ways to characterize the value axiomatically. The...
Persistent link: https://www.econbiz.de/10014024492
This paper examines how conservation decisions are affected by environmental degradation. Donations to an environmental NGO and participation in actual conservation activities capture individual preferences for environmental conservation. Environmental degradation is measured both through...
Persistent link: https://www.econbiz.de/10010743835
Although simple games are very useful in modeling decision-making bodies, they allow each voter only two choices: to support or oppose a measure. This restriction ignores that voters often can abstain from voting, which is effectively different from the other two options. Following the approach...
Persistent link: https://www.econbiz.de/10010577251
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
>Extension of the Nucleolus to Nontransferable Utility Games in Partition Function Form</li> <li>A Core Imputation with Variable …, and (iv) is always a point in the core of the game if the game is not null</li> <li>Uses methods from mathematical welfare …
Persistent link: https://www.econbiz.de/10011115433