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-convexity, under which the game is shown to have a non-empty core and the average tree solution lies in the core. In general, link …
Persistent link: https://www.econbiz.de/10005137089
nonnegative), and there is some hierarchical ordering of the players. In this paper we introduce the 'Restricted Core' for such … of the players. For totally positive games this solution is always contained in the 'Core', and contains the well … coalitions). For special orderings it equals the Core, respectively Shapley value. We provide an axiomatization and apply this …
Persistent link: https://www.econbiz.de/10005016260
, these results state already that the set of Harsanyi payoff vectors is given by the core of an associated convex game, a …
Persistent link: https://www.econbiz.de/10005136982
the unique welfare distribution that is core-stable and satisfies the condition that no agent gets a utility payoff above … has an increasing benefit function (no externalities) then every weighted hierarchical solution is core-stable. In case of …
Persistent link: https://www.econbiz.de/10008646228
In this paper we provide three new characterizations of largeness of the core. The first characterization of largeness … of the core is based on minimal covers of the grand coalition and associated inequalities. The second characterization … shows the relation between the bases that provide core elements of the game and the bases that provide core elements of the …
Persistent link: https://www.econbiz.de/10009132174
coalitions also their union is feasible. Properties of solutions (the core, the nucleolus, the prekernel and the Shapley value …
Persistent link: https://www.econbiz.de/10008838573
Cooperative games on antimatroids are cooperative games restricted by a combinatorial structure which generalize the permission structure. So, cooperative games on antimatroids group several well-known families of games which have important applications in economics and politics. Therefore, the...
Persistent link: https://www.econbiz.de/10005136920
Many economic organizations have some relational structure, meaning that economic agents do not only differ with respect to certain individual characteristics such as wealth and preferences, but also belong to some relational structure in which they usually take different positions. Two examples...
Persistent link: https://www.econbiz.de/10005137204
A situation in which a finite set of players can obtain certain payoffs by cooperation can be described by a cooperative game with transferable utility, or simply a TU-game. A solution for TU-games assigns a set of payoff distributions (possibly empty or consisting of a unique element) to every...
Persistent link: https://www.econbiz.de/10005209512
A situation in which a finite set of players can obtain certain payoffs by cooperation can be described by a cooperative game with transferable utility, or simply a TU-game. A (single-valued) solution for TU-games assigns a payoff distribution to every TU-game. A well-known solution is the...
Persistent link: https://www.econbiz.de/10005144441