Showing 1 - 10 of 14
This paper provides a framework for implementing and comparing several solution concepts for transferable utility cooperative games.We construct bidding mechanisms where players bid for the role of the proposer.The mechanisms differ in the power awarded to the proposer.The Shapley, consensus and...
Persistent link: https://www.econbiz.de/10011090569
Abstract: In the literature various models of games with restricted cooperation can be found. In those models, instead of allowing for all subsets of the set of players to form, it is assumed that the set of feasible coalitions is a proper subset of the power set of the set of players. In this...
Persistent link: https://www.econbiz.de/10011090663
In this paper we provide an axiomatization of the Shapley value for TU- games using a fairness property. This property states that if to a game we add another game in which two players are symmetric then their payos change by the same amount. We show that the Shapley value is characterized by...
Persistent link: https://www.econbiz.de/10011091302
In this paper we define a new family of solutions for the class of cooperative games with transferable utility, in which the set of players exhibits a structure of a priori unions.This family is deeply connected with the Shapley value for games with transferable utility but, moreover, we assume...
Persistent link: https://www.econbiz.de/10011091510
Some new axiomatic characterizations and recursive formulas of the Shapley value are presented. In the results, dual games and the self-duality of the value implicitly play an important role. A set of non-cooperative games which implement the Shapley value on the class of all games is given.
Persistent link: https://www.econbiz.de/10011091658
In this paper we study hedonic coalition formation games in which players' preferences over coalitions are induced by a semi-value of a monotonic simple game with veto control.We consider partitions of the player set in which the winning coalition contains the union of all minimal winning...
Persistent link: https://www.econbiz.de/10011091681
Abstract: This paper introduces a new class of interactive cooperative purchasing situations and provides an explicit alternative characterization of the nucleolus of cooperative games, which offers an alternative to Kohlberg (1971). In our cooperative purchasing situation, the unit price of a...
Persistent link: https://www.econbiz.de/10011091777
AMS classification: 91A12;
Persistent link: https://www.econbiz.de/10011092053
Abstract: This paper introduces a new solution concept for cooperative games with general coalitional structure in which only certain sets of players, including the set of all players, are able to form feasible coalitions. The solution concept takes into account the marginal contribution of...
Persistent link: https://www.econbiz.de/10011092822
In this paper we introduce the concept of quasi-building set that may underlie the coalitional structure of a cooperative game with restricted communication between the players. Each feasible coalition, including the set of all players, contains a nonempty subset called the choice set of the...
Persistent link: https://www.econbiz.de/10011092854