Showing 1 - 10 of 17
A group of players in a cooperative game are partners (e.g., as in the form of a union or a joint ownership) if the prospects for cooperation are restricted such that cooperation with players outside the partnership requires the accept of all the partners. The formation of such partnerships...
Persistent link: https://www.econbiz.de/10008671247
The present paper considers rationing problems interpreted as e.g. bankruptcy problems or taxation problems. We demonstrate that among the continuous and order-preserving rationing methods, theproportional method is the only rationing method that preserves inequality in both gains and losses.
Persistent link: https://www.econbiz.de/10005233006
An effectivity function assigns to each coalition of individuals in a society a family of subsets of alternatives such that the coalition can force the outcome of society’s choice to be a member of each of the subsets separately. A representation of an effectivity function is a game form with...
Persistent link: https://www.econbiz.de/10005749525
The concept of coalition proof Nash equilibrium was introduced by Bernheim, Peleg, and Whinston [1987]. In the present paper, we consider the representation problem for coalition proof Nash equilibrium: For a given effectivity function, describing the power structure or the system of rights of...
Persistent link: https://www.econbiz.de/10005749558
Solutions for cooperative games with side-payments can be manipulated by merging a coalition of players into a single player, or, conversely, splitting a player into a number of smaller players. This paper establishes some (im-)possibility results concerning merging- or splitting-proofness of...
Persistent link: https://www.econbiz.de/10005749565
This paper suggests a simple approximation procedure for the assessment of productivity scores with respect to fuzzy production plans. The procedure has a clear economic interpretation and all the necessary calculations can be performed in a spreadsheet making it highly operational.
Persistent link: https://www.econbiz.de/10005749617
In this paper we consider a model of group formation where group of individuals may have different feasible sets. We focus on two polar cases, increasing returns, when the set of feasible alternatives increases if a new member joins thegroup, and decreasing returns, when a new member has an...
Persistent link: https://www.econbiz.de/10005749698
A strong representation of a committee, formalized as a simple game, on a convex and closed set of alternatives is a game form with the members of the committee as players such that (i) the winning coalitions of the simple game are exactly those coalitions, which can get any given alternative...
Persistent link: https://www.econbiz.de/10005543493
This paper considers generalized Lorenz-maximal solutions in the core of a convex TU-game and demonsrtates that such solutions satisfy coalitional monotonicity and population monotonicity.
Persistent link: https://www.econbiz.de/10005749796
For n-person bargaining problems the family of proportional solutions (introduced and characterized by Kalai) is generalized to bargaining problems with non-convex payoff sets. The so-called "efficient proportional solutions" are characterized axiomatically using natural extensions of the...
Persistent link: https://www.econbiz.de/10008646381