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This paper introduces a measure of uncertainty in the determination of the Shapley value, illustrates it with examples, and studies some of its properties. The introduced measure of uncertainty quantifies random variations in a player's marginal contribution during the bargaining process. The...
Persistent link: https://www.econbiz.de/10005550903
We propose a variation of the Hart and Mas-Colell non-cooperative bargaining model for n-person games in coalitional form. This strategic game implements, in the limit, a new NTU-value for the class of monotonic games. This value coincides with the Maschler and Owen value for hyperplane games,...
Persistent link: https://www.econbiz.de/10005062340
Using techniques from the non-standard analysis, a non-standard analogue of the Aumann-Shapley random order value of non-atomic games is provided. The paper introduces the notion of effectively ergodic family of automorphism groups. It is shown that for a wide class of games, the non-standard...
Persistent link: https://www.econbiz.de/10005062364
It is well known since Owen (Management Science, 1968) that the weights in the weighted Shapley value cannot be interpreted as a measure of power (i.e. of the ability to bargain) of the players. This paper proposes a new weight scheme for the Shapley value. Weights in this framework have to be...
Persistent link: https://www.econbiz.de/10005407525
that the existence of strongly stable networks is equivalent to core existence in a derived cooperative game and use that …
Persistent link: https://www.econbiz.de/10005135119
. The minimal (for inclusion) dominant set is non-empty and for a game with a non-empty coalition structure core, the … minimal dominant set returns this core. …
Persistent link: https://www.econbiz.de/10005062371
-stable set, a core-like concept, is nonempty and can be approached through an algorithm. The usual core may be empty. The setwise … of core-like solutions, besides the setwise-stable set. …
Persistent link: https://www.econbiz.de/10005062394
cores the core can be reached in a bounded number of proposals and counterproposals. Our result is more general than this …
Persistent link: https://www.econbiz.de/10005407616
effect, the core is nonempty when coalition feasible sets are monotonic and players' preferences over public goods have … connected support. All core allocations consist of connected coalitions and they are Tiebout equilibria as well. We also examine …
Persistent link: https://www.econbiz.de/10005550914
does not hold for optimistic players. We propose a new core concept to overcome this puzzle and provide numerical …
Persistent link: https://www.econbiz.de/10005550950