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properness and a robust Nash equilibrium is shown to exist for every game. In symmetric bimatrix games, our results imply the …
Persistent link: https://www.econbiz.de/10005137165
Nash equilibrium is shown to exist for every game. In symmetric bimatrix games, our results imply the existence of a …
Persistent link: https://www.econbiz.de/10011255864
cooperative game with transferable utility. A solution for TU-games assigns to every TU-game a distribution of the payoffs that … can be earned over the individual players. Two well-known solutions for TU-games are the Shapley value and the egalitarian … earns zero worth. We illustrate this difference between these two solutions by applying them to auction games. …
Persistent link: https://www.econbiz.de/10005450812
by cooperation. A solution mapping for these games is amapping which assigns to every game a set of payoff …
Persistent link: https://www.econbiz.de/10011256545
We consider cooperative transferable utility games, or simply TU-games, with a limited communication structure in which … neutrality for cycle-free graph games yields other solutions such as the hierarchical outcomes and the average tree solution …. Since these solutions also satisfy the superfluous player property, this also `solves' an impossibility for TU-games since …
Persistent link: https://www.econbiz.de/10011256580
allocation problems, such as river games, queueing games and auction games, the game is totally positive (i.e., all dividends are … 'games with ordered players' which is based on the distribution of 'dividends' taking into account the hierarchical ordering … of the players. For totally positive games this solution is always contained in the 'Core', and contains the well …
Persistent link: https://www.econbiz.de/10011256619
efficient solution for games with communication graph structures and show that it is characterized by efficiency, fairness and a …
Persistent link: https://www.econbiz.de/10011256656
attention to th e class of cycle-free accessible union stable systems. We also consider cooperative games with restricted … extension of the Shapley value to this class of games. …
Persistent link: https://www.econbiz.de/10011256706
In a river claims problem, agents are ordered linearly, and they have both an initial water endowment as well as a claim to the total water resource. We provide characterizations of two solutions to this problem, using Composition properties which have particularly relevant interpretations for...
Persistent link: https://www.econbiz.de/10011256707
See also the publication in 'Journal of Mathematical Economics', 2008, 44, 1114-1125. <P> In this paper we describe the extreme points of two closely related polytopes that are assigned to a digraph. The first polytope is the set of all sharing vectors (elements from the unit simplex) such that...</p>
Persistent link: https://www.econbiz.de/10011256717