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A review of the literature on cost sharing solutions for the minimum cost spanning tree problem is proposed, with a particular focus on the folk and Kar solutions. We compare the characterizations proposed, helped by some equivalencies between sets of properties.
Persistent link: https://www.econbiz.de/10010883230
No abstract received.
Persistent link: https://www.econbiz.de/10010883231
No abstract received.
Persistent link: https://www.econbiz.de/10010883232
Restricting the analysis to general 2×2 coordination games, this article shows how under certain conditions, it is highly likely that individuals coordinate on a (pay-off) efficient through risk inferior convention. This contrasts with other equilibrium refinement criteria, such as risk...
Persistent link: https://www.econbiz.de/10010883233
The topic is two-fold. First, we prove the convexity of Owen's Airport Profit Game (inclusive of revenues and costs). As an adjunct, we characterize the class of 1-convex Airport Profit Games by equivalent properties of the corresponding cost function. Second, we classify the class of 1-convex...
Persistent link: https://www.econbiz.de/10010883234
The interaction between a sophisticated player and a fictitious player is analyzed and applied to the problem of optimal enforcement. An adaptive potential offender myopically responds to the history of past enforcement. How can a sophisticated enforcement official take advantage of this...
Persistent link: https://www.econbiz.de/10010883235
No abstract received.
Persistent link: https://www.econbiz.de/10010883236
From a special class of TU games with information cost, given by the problem of sharing the costs of facilities among users, we build a noncooperative game in which every player asks for the assessment of whom the users are. We analyze two models, "naming" game and majority decision game: the...
Persistent link: https://www.econbiz.de/10010883237
This paper proposes a brief review of the use of power indices in the corporate governance literature. Without losing sight of the field of application, it places the emphasis on the game-theoretic aspects of this research and on the issues that arise in this framework. It should be noted that...
Persistent link: https://www.econbiz.de/10010883238
In 2012, the scientific world has lost N.N. Krasovskii, an extraordinary mathematician and mechanician whose works have prominently influenced a number of mathematic fields: differential equations, optimal control, and dynamic games theory. His research had profound effects on the development of...
Persistent link: https://www.econbiz.de/10010883239