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 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
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
In this paper, we study cooperative games with coalition structures. We show that a solution concept that applies the Shapley value to games among and within coalitions and in which the pure surplus that the coalition obtains is allocated among the intra-coalition members in an egalitarian way,...
Persistent link: https://www.econbiz.de/10008493083
In this paper we establish equivalence between six collections of axioms that all characterize the Carreras-Coleman decisiveness index. Axioms in each of the different sets are shown to be independent.
Persistent link: https://www.econbiz.de/10008493086
We consider the allocation of a finite number of indivisible objects to the same number of agents according to an exogenously given queue. We assume that the agents collaborate in order to achieve an efficient outcome for society. We allow for side-payments and provide a method for obtaining...
Persistent link: https://www.econbiz.de/10008493097
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