Showing 1 - 10 of 95
either core stability or strict core stability is under consideration, the existence problem of a stable coalition structure …
Persistent link: https://www.econbiz.de/10005230821
We define the canonical form of a cost spanning tree problem. The canonical form has the property that reducing the cost of any arc, the minimal cost of connecting agents to the source is also reduced. We argue that the canonical form is a relevant concept in this kind of problems and study a...
Persistent link: https://www.econbiz.de/10005230826
cost within jurisdiction. We show that these two principles always yield a core-stable partition but a Nash stable …
Persistent link: https://www.econbiz.de/10005385438
We consider upper and lower bounds for maxmin allocations of a completely divisible good in both competitive and cooperative strategic contexts. We then derive a subgradient algorithm to compute the exact value up to any fixed degree of precision.
Persistent link: https://www.econbiz.de/10009421244
. 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/10005385367
This paper first establishes a new core theorem using the concept of generated payoffs: the TU (transferable utility …) core is empty if and only if the maximum of generated payoffs (mgp) is greater than the grand coalition’s payoff v(N), or …
Persistent link: https://www.econbiz.de/10005423160
This paper reinterprets the ? -core (Chander and Tulkens (1995, 1997)) and justifies it as well as its prediction that … by a coalition, the nonmembers will have incentives to break apart into singletons, as is assumed in the definition of …
Persistent link: https://www.econbiz.de/10005423240
sell-side). This simple and intuitive learning process implements core allocations even though agents have no knowledge of …
Persistent link: https://www.econbiz.de/10010665513
We show that the core of each strongly size monotonic hedonic game is not empty and is externally stable. This is in … sharp contrast to other sufficient conditions for core non-emptiness which do not even guarantee the existence of a stable …
Persistent link: https://www.econbiz.de/10009189885
In a common value auction in which the information partitions of the bidders are connected, all rings are core … form, in spite of the underlying strategic externalities. A ring is core-stable if the core of this characteristic function …
Persistent link: https://www.econbiz.de/10008674341