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The Shapley value of a cooperative transferable utility game distributes the dividend of each coalition in the game … monotone transferable utility games, discuss other properties of this solution, and deal with its characterization through a …
Persistent link: https://www.econbiz.de/10011372977
One of the main issues in economics is the trade-off between marginalism and egalitarianism. In the context of cooperative games this trade-off can be framed as one of choosing to allocate according to the Shapley value or the equal division solution. In this paper we provide tools that make it...
Persistent link: https://www.econbiz.de/10011372987
cooperative game with transferable utility, or simply a TU-game. A (single-valued) solution for TU-games assigns a payoff …
Persistent link: https://www.econbiz.de/10011378792
In this paper we focus on restrictions arising from the players belonging to some hierarchical structure that is represented by a digraph. Two of these models are the games with a permission structure and games under precedence constraints. In both cases, the hierarchy can be represented by a...
Persistent link: https://www.econbiz.de/10012061504
in a cooperative transferable utility game are part of a permission structure in the sense that there are players that …
Persistent link: https://www.econbiz.de/10011590400
Recently, applications of cooperative game theory to economicallocation problems have gained popularity. To … understandthese applications better, economic theory studies thesimilarities and differences between them. The purpose of thispaper is …
Persistent link: https://www.econbiz.de/10011334357
We consider cooperative games with transferable utility (TU-games), in which we allow for a social structure on the set …
Persistent link: https://www.econbiz.de/10011335223
We consider cooperative transferable utility games, or simply TU-games, with a limited communication structure in which …
Persistent link: https://www.econbiz.de/10011379462
We generalize the null player property (satisfied by the Shapley value) and nullifying player property (satisfied by the equal division solution) to the so-called delta-reducing player property, stating that a delta-reducing player (being a player such that any coalition containing this player...
Persistent link: https://www.econbiz.de/10011380928
cooperative game with transferable utility, or simply a TU-game. A solution for TU-games assigns a set of payoff distributions to …
Persistent link: https://www.econbiz.de/10011383187