Showing 1 - 10 of 23
Different axiomatic systems for the Shapley value can be found in the literature. For games with a coalition structure, the Shapley value also has been axiomatized in several ways. In this paper, we discuss a generalization of the Shapley value to the class of partition function form games. The...
Persistent link: https://www.econbiz.de/10014199078
This paper deals with a new class of multi-choice games, the class of multi-choice total clan games. The structure of the core of a multi-choice clan game is explicitly described. Furthermore, characterizations of multi-choice total clan games are given and bi-monotonic allocation schemes...
Persistent link: https://www.econbiz.de/10014223097
This paper introduces a framework for joint hub network development. Building a joint physical hub for transhipment of goods is expensive and therefore involves considerable risks for the cooperating companies. In a practical setting, it is unlikely that an entire network will be built at once....
Persistent link: https://www.econbiz.de/10014223600
This paper considers situations characterized by a common-pool resource, which needs to be divided among agents. Each of the agents has some claim on this pool and an individual reward function for assigned resources. This paper analyzes not only the problem of maximizing the total joint reward,...
Persistent link: https://www.econbiz.de/10013128540
We introduce several new solution concepts for cooperative games with arbitrary coalition structure. Of our main interest are coalitions structures being so-called building sets. A collection of sets is a building set if every singleton is a member and if the union of any two non-disjoint sets...
Persistent link: https://www.econbiz.de/10013128950
For the class of minimum coloring games (introduced by Deng et al. (1999)) we investigate the existence of population monotonic allocation schemes (introduced by Sprumont (1990)). We show that a minimum coloring game on a graph G has a population monotonic allocation scheme if and only if G is...
Persistent link: https://www.econbiz.de/10013129989
To verify whether a transferable utility game is exact, one has to check a linear inequality for each exact balanced collection of coalitions. This paper studies the structure and properties of the class of exact balanced collections. Comparing the definition of exact balanced collections with...
Persistent link: https://www.econbiz.de/10013130233
This paper considers two-stage solutions for multi-issue allocation situations. Characterisations are provided for the two-stage constrained equal awards and constrained equal losses rules, based on the properties of composition and path independence
Persistent link: https://www.econbiz.de/10014062634
In this note we provide a characterization of a subclass of bargaining problems for which the Nash solution has the property of disagreement point monotonicity.While the original d-monotonicity axiom and its stronger notion, strong d-monotonicity, were introduced and discussed by Thomson [15],...
Persistent link: https://www.econbiz.de/10014065513
This paper builds on the recent work of Groote Schaarsberg, Reijnierse and Borm (2018) on mutual liability problems. In essence, a mutual liability problem comprises a financial network in which agents may have both monetary individual assets and mutual liabilities. Here mutual liabilities...
Persistent link: https://www.econbiz.de/10012846209