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Persistent link: https://www.econbiz.de/10011573768
In this note we provide a strategic implementation of the Average Tree solution for zero-monotonic cycle-free graph games. That is, we propose a non-cooperative mechanism of which the unique subgame perfect equilibrium payoffs correspond to the average hierarchical outcome of the game. This...
Persistent link: https://www.econbiz.de/10010719008
We study cooperative games with transferable utility and limited cooperation possibilities. The focus is on communication structures where the set of players forms a circle, so that the possibilities of cooperation are represented by the connected sets of nodes of an undirected circular graph....
Persistent link: https://www.econbiz.de/10011041728
In an economic or social situation where agents have to group in order to achieve common goals, how can we calculate the coalitional rents of the agents arising from the coalition formation? Once we have formalized the situation via a TU-game and a network describing the economic structure, we...
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 of the marginal contributions for environments with externalities. The dummy property related to it is defined. We adapt the system of axioms provided by Shapley (A value for...
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 by six axioms: Non-emptiness, efficiency, unanimity, scale covariance, conditional additivity, and independence of irrelevant alternatives (IIA). Each of the first five axioms is...
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