Showing 1 - 10 of 375
property is the proportional allocation of nonseparable contribution (PANSC) value, which allocates the total worth …
Persistent link: https://www.econbiz.de/10012487903
We survey the economics of transboundary river water allocation, which emerged in the 1960s and has matured over the … attention to the strategic aspects of transboundary river water allocation. These strategic aspects are captured by employing … game theory to assess the economics of transboundary river water allocation in a simple model of river sharing. This model …
Persistent link: https://www.econbiz.de/10010412473
This paper analyzes the allocation of the total toll collected in a highway among its segments. Based on different toll …
Persistent link: https://www.econbiz.de/10013207224
We present axiomatic characterizations of the proportional division value for TU-games, a value that distributes the worth of the grand coalition in proportion to the stand-alone worths of its members. First, a new proportionality principle, called balanced treatment, is introduced by...
Persistent link: https://www.econbiz.de/10012117870
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/10011349197
In this paper, we study axiomatic foundations of the class of weighted division values. Firstly, while keeping efficiency, additivity and the nullifying player property from the original axiomatization of the equal division value, we consider relaxations of symmetry in line with Casajus (2019)...
Persistent link: https://www.econbiz.de/10012795320
Persistent link: https://www.econbiz.de/10000944381
Persistent link: https://www.econbiz.de/10003382996
Recently, applications of cooperative game theory to economic allocation problems have gained popularity. In many of …
Persistent link: https://www.econbiz.de/10010532576
This paper analyzes the 1-nucleolus and, in particular, its relation to the nucleolus and compromise value. It is seen that the 1-nucleolus of a cooperative game can be characterized using a combination of standard bankruptcy rules for associated bankruptcy problems. In particular, for any...
Persistent link: https://www.econbiz.de/10011376297