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-298) is proposed to allow for multiple membership. The definition of the core is adapted analogously and the possibilities for …
Persistent link: https://www.econbiz.de/10010422383
the average rankings of the other types of groups. We show that a core stable coalition structure always exists, provided …
Persistent link: https://www.econbiz.de/10009751376
requirement reflects some forms of indivisibility. We are interested in the classes of games that guarantee a non-empty core no …
Persistent link: https://www.econbiz.de/10009751967
total cost of connecting them in a network, stand-alone core stability which requires charging agents not more than the cost … shown to satisfy them. When the properties are not compatible, we find a rule that meets stand-alone core stability, limit …
Persistent link: https://www.econbiz.de/10012062098
We study the recursive core introduced in Huang and Sjöström [8]. In general partition function form games, the … recursive core coalition structure may be either coarser or finer than the one that maximizes the social surplus. Moreover, the … recursive core structure is typically different from the one predicted by the α-core. We fully implement the recursive core for …
Persistent link: https://www.econbiz.de/10009751381
In this paper, mean-field type games between two players with backward stochastic dynamics are defined and studied. They make up a class of non-zero-sum, non-cooperating, differential games where the players’ state dynamics solve backward stochastic differential equations (BSDE) that depend on...
Persistent link: https://www.econbiz.de/10012014876
An interaction system has a finite set of agents that interact pairwise, depending on the current state of the system. Symmetric decomposition of the matrix of interaction coefficients yields the representation of states by self-adjoint matrices and hence a spectral representation. As a result,...
Persistent link: https://www.econbiz.de/10011771247
Effective sharing mechanisms of joint costs among beneficiaries of a project are a fundamental requirement for the sustainability of the project. Projects that are heterogeneous both in terms of the landscape of the area under development or the participants (users) lead to a more complicated...
Persistent link: https://www.econbiz.de/10011515643
-representation resulting in the Gately power measure. We establish when the Gately measure is a core power gauge, investigate the relationship …
Persistent link: https://www.econbiz.de/10014426676
This paper studies fishery strategies in lakes, seas, and shallow rivers subject to agricultural and industrial pollution. The flowing pollutants are modeled by a nonlinear differential equation in a general manner. The logistic growth model for the fish population is modified to cover the...
Persistent link: https://www.econbiz.de/10012607484