Showing 1 - 10 of 67
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
are currently employed/unemployed. We show that such a process is absorbed into the core with probability one in finite … time. Moreover, within the core, allocations are selected that are characterized by surplus splitting according to a …
Persistent link: https://www.econbiz.de/10011453256
-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
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
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
Interval games are an extension of cooperative coalitional games, in which players are assumed to face payoff uncertainty. Characteristic functions thus assign a closed interval instead of a real number. This study revisits two interval game versions of Shapley values (i.e., the interval Shapley...
Persistent link: https://www.econbiz.de/10014426296
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
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
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