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This paper discusses the core of the game corresponding to the standard fixed tree problem. We consider the weighted … adaptation of the constrained egalitarian solution of Dutta and Ray (1989). The core of the standard fixed tree game equals the …
Persistent link: https://www.econbiz.de/10005375567
This paper defines "negotiation-proof Nash equilibrium'', a notion that applies to environments where players can negotiate openly and directly prior to the play of a noncooperative game. It recognizes the possibility that a group of self-interested players may choose, voluntarily and without...
Persistent link: https://www.econbiz.de/10005755721
account. We study inheritance of the following properties: average convexity, inclusion of the Shapley value in the core …
Persistent link: https://www.econbiz.de/10005598503
This paper examines the -core of strategic games by means of the consistency principle. I provide a new definition of a …*) under this definition of reduced games. Then I axiomatize the -core for families of strategic games with bounded payoff …
Persistent link: https://www.econbiz.de/10005155704
who join all equilibrium coalitions. The existence of a central player guarantees asymptotic efficiency. The marginal …
Persistent link: https://www.econbiz.de/10011151105
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the players. A totally positive game has a nonempty core. In this paper we introduce constrained core solutions for … totally positive games with ordered players which assign to every such a game a subset of the core. These solutions are based … core of a totally positive game with ordered players is a subset of the core of the game and contains the Shapley value …
Persistent link: https://www.econbiz.de/10010845487
We axiomatize the inner core in a similar way as the one proposed by Aumann (1985) in order to characterize the NTU …
Persistent link: https://www.econbiz.de/10010845490