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A new solution concept to monotonic cooperative games with nontransferable utility is introduced. This proposal, called the coalitional equal-loss solution, is based on the idea that players withing a coalition should have equal losses from a point of maximum expectations. The proposal...
Persistent link: https://www.econbiz.de/10008542849
It is well known that, in distributions problems, "Fairness" rarely leads to a single viewpoint (see Young (1994) and Moulin (1988) among many others). This paper provides, in this context, interesting basis in defense of intermediate agreements when two prominent proposals, representing...
Persistent link: https://www.econbiz.de/10008602643
We study the existence of cost monotonic selections of the core in economies with several public goods. Under … quasilinear utilities there is a cost inonotonic core selection mechanism if and only if the agents order the bundles of public …
Persistent link: https://www.econbiz.de/10005212576
, stable (core) allocations exists. …
Persistent link: https://www.econbiz.de/10005731445