Showing 1 - 6 of 6
Persistent link: https://www.econbiz.de/10010999625
The lexicographic kernel of a game lexicographically maximizes the surplusses s <Subscript> ij </Subscript> (rather than the excesses as would the nucleolus) and is contained in both the least core and the kernel. We show that an element in the lexicographic kernel can be computed efficiently, provided we can...</subscript>
Persistent link: https://www.econbiz.de/10010999872
Various least core concepts including the classical least core of cooperative games are discussed. By a reduction from minimum cover problems, we prove that computing an element in these least cores is in general NP-hard for minimum cost spanning tree games. As a consequence, computing the...
Persistent link: https://www.econbiz.de/10010999970
Multichoice games have been introduced by Hsiao and Raghavan as a generalization of classical cooperative games. An important notion in cooperative game theory is the core of the game, as it contains the rational imputations for players. We propose two definitions for the core of a multichoice...
Persistent link: https://www.econbiz.de/10010999800
Multichoice games, as well as many other recent attempts to generalize the notion of classical cooperative game, can be casted into the framework of lattices. We propose a general definition for games on lattices, together with an interpretation. Several definitions of the Shapley value of a...
Persistent link: https://www.econbiz.de/10010950022
Finding a solution concept is one of the central problems in cooperative game theory, and the notion of core is the most popular solution concept since it is based on some rationality condition. In many real situations, not all possible coalitions can form, so that classical TU-games cannot be...
Persistent link: https://www.econbiz.de/10010950177