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Efficiency and Collusion Neutrality of Solutions for Cooperative TU-Games
Brink, René van den - Tinbergen Institute - 2009
use efficiency which is not satisfied by the Banzhaf value. On the other hand, the Banzhaf value satisfies collusion … these axioms characterize the equal division solution. Further, we show that there is no solution that satisfies efficiency …, collusion neutrality and the null player property. Finally, we show that a solution satisfies efficiency, collusion neutrality …
Persistent link: https://www.econbiz.de/10004964462
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An Efficient and Fair Solution for Communication Graph Games
Brink, Rene van den; Khmelnitskaya, Anna; Laan, Gerard … - Tinbergen Institute - 2011
efficiency, fairness and a new axiom called component balancedness. This latter axiom compares for every component in the …
Persistent link: https://www.econbiz.de/10008867500
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Efficiency and Collusion Neutrality of Solutions for Cooperative TU-Games
Brink, Rene van den - Tinbergen Instituut - 2009
various axiomatizations of these solutions can be found. Axiomatizations of the Shapley value often use efficiency which is … the equal division solution. Further, we show that there is no solution that satisfies efficiency, collusion neutrality … and the null player property. Finally, we show that a solution satisfies efficiency, collusion neutrality and linearity if …
Persistent link: https://www.econbiz.de/10011256444
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An Efficient and Fair Solution for Communication Graph Games
Brink, Rene van den; Khmelnitskaya, Anna; Laan, Gerard … - Tinbergen Instituut - 2011
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
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The Economics of Transboundary River Management
Ansink, Erik; Houba, Harold - Tinbergen Instituut - 2014
specific attention to the efficiency, sustainability, and fairness of solutions to this model. We compare and contrast both …
Persistent link: https://www.econbiz.de/10011257048
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Competition for a Prize
Noll, Rob van der - Tinbergen Instituut - 2006
I present a model in which individuals compete for a prize by choosing to apply or not. Abilities are private information and in attempt to select the best candidate, the committee compares applicants with an imperfect technology. The choice of application cost, size of the prize and use of...
Persistent link: https://www.econbiz.de/10011255649
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Continuous Time Trading in Markets with Adverse Selection
Janssen, Maarten C.W.; Karamychev, Vladimir - Tinbergen Instituut - 2000
We investigate the nature of the adverse selection problem in a market for adurable goodwhere trading and entry of new buyers and sellers takes place in continuoustime. In thecontinuous time model equilibria with properties that are qualitativelydifferent from thestatic equilibria, emerge....
Persistent link: https://www.econbiz.de/10011255809
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Inverse Adverse Selection: The Market for Gems
Dari-Mattiacci, Giuseppe; Onderstal, Sander; Parisi, … - Tinbergen Instituut - 2011
This paper studies markets plagued with asymmetric information on the quality of traded goods. In Akerlof's setting, sellers are better informed than buyers. In contrast, we examine cases where buyers are better informed than sellers. This creates an inverse adverse selection problem: The market...
Persistent link: https://www.econbiz.de/10011256127
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Cycles and Multiple Equilibria in the Market for Durable Lemons
Janssen, Maarten C.W.; Karamychev, Vladimir - Tinbergen Instituut - 2000
This discussion paper resulted in an article in <I>Economic Theory</I> (2002). Vol. 20, issue 3, pages 579-601.<P> We investigate the nature of market failure in a dynamic version of Akerlof (1970) where identical cohorts of a durable good enter the market over time. In the dynamic model, equilibria with...</p></i>
Persistent link: https://www.econbiz.de/10011256254
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Continuous Time Trading in Markets with Adverse Selection
Janssen, Maarten C.W.; Karamychev, Vladimir - Tinbergen Institute - 2000
We investigate the nature of the adverse selection problem in a market for a durable good where trading and entry of new buyers and sellers takes place in continuous time. In the continuous time model equilibria with properties that are qualitatively different from the static equilibria, emerge....
Persistent link: https://www.econbiz.de/10005144503