Showing 1 - 10 of 31
The pre-nucleolus is a popular egalitarian solution concept for cost-sharing games. A drawback of this concept is that an associated cost allocation often cannot be calculated in polynomial time. Therefore, it would be convenient to know whether the pre-nucleolus of a particular game coincides...
Persistent link: https://www.econbiz.de/10005081018
This paper is concerned with the question of how to define the core when cooperation takes place in a dynamic setting. The focus is on dynamic cooperative games in which the players face a finite sequence of exogenously specified TU-games. Three different core concepts are presented: the...
Persistent link: https://www.econbiz.de/10005050933
This paper studies a procedural and axiomatic extension of the consensus value [cf. Ju et al. (2007)] to the class of partition function form games. This value is characterized as the unique function that satisfies efficiency, complete symmetry, the quasi-null player property and additivity. By...
Persistent link: https://www.econbiz.de/10004977749
This paper investigates core stability of cooperative (TU) games via a fuzzy extension of the totally balanced cover of a cooperative game. The stability of the core of the fuzzy extension of a game, the concave extension, is shown to reflect the core stability of the original game and vice...
Persistent link: https://www.econbiz.de/10009366450
The paper presents a framework in which the most important single-valued solutions in the literature of TU games are jointly analyzed. None of the main results is original.
Persistent link: https://www.econbiz.de/10005047542
Lucas and Trall (1963) defined the games in partition function form as a generalization of the cooperative games with transferable utility. In our work we propose by means of an axiomatic characterization a solution for such games in partition function form. This solution will be a...
Persistent link: https://www.econbiz.de/10005047574
This paper develops a new axiomatic characterization of the Banzhaf index of power using four axioms from four different contributions to the area. A nice feature of the characterization is independence of the axioms showing importance of each of them in the exercise.
Persistent link: https://www.econbiz.de/10005081047
The paper investigates under which additional assumptions the bargaining set, the reactive bargaining set or the semireactive bargaining set coincides with the core on the class of symmetric TU-games. Furthermore, we give an example which illustrates that the property 'the bargaining set...
Persistent link: https://www.econbiz.de/10005081050
The paper presents a coalition-structure value that is meant to capture outside options of players in a cooperative game. It deviates from the Aumann-Drèze value by violating the null-player axiom. We use this value as a power index and apply it to weighted majority games.
Persistent link: https://www.econbiz.de/10005081055
In this paper, we consider the relationship between the Weber set and the Shapley set being the set of all weighted Shapley values of a TU-game. In particular, we propose a new proof for the fact that the Weber set always includes the Shapley set. It is shown that the inclusion mentioned follows...
Persistent link: https://www.econbiz.de/10005050951