Showing 1 - 10 of 64
A new solution is presented for transferable utility games with graph communication where the cooperation possibilities … introduced, under which the value is guaranteed to be an element of the core. For games with complete graph communication the … connected set in the given graph. To determine the payoff for each player, a single-valued solution, the communication tree …
Persistent link: https://www.econbiz.de/10013097263
We study cooperative games with communication structure, represented by an undirected graph. Players in the game are …-convexity is weaker than convexity. For games with a cycle-free communication structure, link-convexity is even weaker than super-additivity … proposed for this class of games. Given the graph structure we define a collection of spanning trees, where each spanning tree …
Persistent link: https://www.econbiz.de/10012723213
Using network control structures this paper introduces network communication games as a generalization of vertex games … and edge games corresponding to communication situations and studies their decomposition into unanimity games. We obtain a …, network communication games also allow to consider both the vertices and the edges of the graph as players, leading to a new …
Persistent link: https://www.econbiz.de/10013010479
Herings et al. (2008) proposed a solution concept called the average tree solution for cycle-free graph games. We … provide a characterization of the average tree solution for cycle-free graph games. The characterization underlines an … (Myerson, 1977) for cycle-free graph games …
Persistent link: https://www.econbiz.de/10012718484
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
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