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has an increasing benefit function (no externalities) then every weighted hierarchical solution is core-stable. In case of … the unique welfare distribution that is core-stable and satisfies the condition that no agent gets a utility payoff above … satiable agents, i.e., the benefit function is decreasing beyond some satiation point. In such situations externalities appear …
Persistent link: https://www.econbiz.de/10011381991
coalitions also their union is feasible. Properties of solutions (the core, the nucleolus, the prekernel and the Shapley value …
Persistent link: https://www.econbiz.de/10011383187
A situation in which a finite set of players can obtain certain payoffs by cooperation can be described by a cooperative game with transferable utility, or simply a TU-game. A (single-valued) solution for TU-games assigns a payoff distribution to every TU-game. A well-known solution is the...
Persistent link: https://www.econbiz.de/10011378792
.Attention is focused on how to divide the total reward (penalty) among the activities: the core of a correspondingcooperative … nonemptiness of the core of project games. …
Persistent link: https://www.econbiz.de/10011379216
Persistent link: https://www.econbiz.de/10009719959
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This paper studies the relation between optimal dam capacity and water management under rivalry uses and externalities …-linear building cost of dam capacity and externalities in a welfare optimization model. We obtain the optimal dam capacity for multi …
Persistent link: https://www.econbiz.de/10010421750
Persistent link: https://www.econbiz.de/10008670036
general games. As a direct translation of the balanced cost reduction property, the axiom of balanced externalities for … possible to the idea behind balanced externalities, we weaken this axiom by requiring that every player's payoff is the same … fraction of its total externality inflicted on the other players. This weakening, which we call weak balanced externalities …
Persistent link: https://www.econbiz.de/10012487903
We propose and characterize weighted-egalitarian values for cooperative transferable utility games. Each weighted-egalitarian value divides the worth of the grand coalition into two parts and allocates them through equality and proportionality based on exogenous player weights. We characterize...
Persistent link: https://www.econbiz.de/10014505372