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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/10011255465
service that generates the revenues. We focus on the study of the core of cost-revenue games. Under the assumption that … shown that a cost-revenue game has a non-empty core for any vector of revenues if, and only if, the dual game of the cost … game has a large core. Using this result, we investigate minimum cost spanning tree games with revenues. We show that if …
Persistent link: https://www.econbiz.de/10011257152
We consider the problem of axiomatizing the Shapley value on the class of assignment games. We first show that several axiomatizations of the Shapley value on the class of all TU-games do not characterize this solution on the class of assignment games by providing alternative solutions that...
Persistent link: https://www.econbiz.de/10011256194
ones. We then define the balanced-core as a refinement ofthe core. A payoff vector lies in the balanced-core if it lies in … the core andthe payoff vector is an element of payoff sets of all graphs in some balanced collection ofgraphs. We prove … that any balanced graph game has a nonempty balanced-core.We conclude by some examples showing the usefulness of the …
Persistent link: https://www.econbiz.de/10011255644
This paper associates a strategic n-person game with a given transferable utility game and studies its Nash equilibria. Strict equilibria in this model characterize those divisions of social surplus that can become conventions in the sense of Young (1993). It is shown that even in relatively...
Persistent link: https://www.econbiz.de/10011255790
-180. 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/10011256231
Harsanyi set is related to the Core and Weberset. We also characterize the Harsanyi mapping as the unique mappingsatisfying a …
Persistent link: https://www.econbiz.de/10011256545
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/10011256619
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/10011257183
, 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/10011257230