Showing 1 - 10 of 63
differential games, we contrast the potential gains or losses for these countries due to economic shocks, in case they maintain …
Persistent link: https://www.econbiz.de/10013132355
In this paper we propose a new rule to allocate risk capital to portfolios or divisions within a firm. Specifically, we determine the capital allocation that minimizes the excesses of sets of portfolios in lexicographical sense. The excess of a set of portfolios is defined as the expected loss...
Persistent link: https://www.econbiz.de/10013135329
In this paper we provide some technical results related to the Lorenz dominance, which allow to prove that the allocation obtained by the algorithm in Dutta and Ray (1989), when exists, and the elements of the equal split-off set always Lorenz dominate every allocation in the core of the game
Persistent link: https://www.econbiz.de/10013137212
A new solution is presented for transferable utility games with graph communication where the cooperation possibilities … value, is proposed for this class of games. The idea is that to form the grand coalition of all players a player can join a … introduced, under which the value is guaranteed to be an element of the core. For games with complete graph communication the …
Persistent link: https://www.econbiz.de/10013097263
This paper analyzes a single-machine scheduling problem with family setup times both from an optimization and a cost allocation perspective. In a so-called family sequencing situation jobs are processed on a single machine, there is an initial processing order on the jobs, and every job within a...
Persistent link: https://www.econbiz.de/10013106485
characterization of the nucleolus of cooperative games, which offers an alternative to Kohlberg (1971). In our cooperative purchasing … Cooperative Purchasing (MCP) - situation from the perspective of allocation by defining corresponding cooperative MCP-games. It … alternative characterization of the nucleolus is used. Using the decomposition of an MCP-game into unanimity games we find an …
Persistent link: https://www.econbiz.de/10013107420
nucleolus as well as Peleg's axiomatization of the prekernel to the symmetrically weighted versions. Only the reduced games have … to be replaced by suitably modified reduced games whose definitions may depend on the weight system. Moreover, it is …
Persistent link: https://www.econbiz.de/10013087342
games that are balanced. This note completes this line of research by characterizing graphs that give rise to CP games that …
Persistent link: https://www.econbiz.de/10013088117
This paper introduces cooperative games arising from multi-depot Chinese postman problems and explores the properties … of these games. A multi-depot Chinese postman problem (MDCP) is represented by a connected (di)graph G, a set of k depots …
Persistent link: https://www.econbiz.de/10013088121
This paper introduces a new solution concept for cooperative games with general coalitional structure in which only …
Persistent link: https://www.econbiz.de/10013088770