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A new bargaining set based on notions of both internal and external stability is developed in the context of endogenous coalition formation.It allows to make an explicit distinction between within-group and outsidegroup deviation options.This type of distinction is not present in current...
Persistent link: https://www.econbiz.de/10011091220
Abstract: Existing literature regarding the natural hedge potential that arises from combining liabilities with different sensitivities focuses on the optimal liability mix, but does not address the question whether and how changes in the liability mix can be obtained. In the absence of a...
Persistent link: https://www.econbiz.de/10011091866
different voting systems within the same parliamentary body. This paper analyzes the core and the Shapley value of three …-valued simple games. Using the concept of vital players, the vital core is constructed and we show that the vital core is a subset … of the core. The Shapley value is characterized on the class of all three-valued simple games. The model is applied to …
Persistent link: https://www.econbiz.de/10011268490
coalitions we show that every Step out - Step in sequencing game<br/>has a non-empty core. This upper bound is a sufficient … condition for a sequencing<br/>game to have a non-empty core. Moreover, this paper provides a polynomial time<br/>algorithm to …
Persistent link: https://www.econbiz.de/10011144428
of all players, equal gain splitting rules are defined.It is shown that these rules lead to core elements of the …
Persistent link: https://www.econbiz.de/10011090690
corresponding resource allocation games. It is shown that these games have a non-empty core and thus allow for stable allocations …
Persistent link: https://www.econbiz.de/10011091447
that these games have a nonempty core and a complete description of the core is provided. …
Persistent link: https://www.econbiz.de/10011091533
jobs. Using nonstandard techniques we prove that each family sequencing game has a non-empty core by showing that a … particular marginal vector belongs to the core. Finally, we specifically analyze the case in which the initial order is family …
Persistent link: https://www.econbiz.de/10011091746
theoretic perspective. A corresponding preparation sequencing game is defined and the focus is on the core and nucleolus of such …
Persistent link: https://www.econbiz.de/10011091943
associated to proportionate flow shop problems.It is seen that PFS games have a nonempty core.Moreover, it is shown that PFS … Shapley value and a specific type of equal gain splitting rule which leads to core elements of the PFS game are proposed. …
Persistent link: https://www.econbiz.de/10011091972