Showing 1 - 10 of 42
This discussion paper resulted in a publication in the 'European Journal of Operational Research', 2013, 224, 167-179.<P> In a standard TU-game it is assumed that every subset of the player set can form a coalition and earn its worth. One of the first models where restrictions in cooperation are...</p>
Persistent link: https://www.econbiz.de/10011256829
This discussion paper led to a publication in 'TOP' (forthcoming).<P> In this paper we introduce and characterize two new values for transferable utility games with graph restricted communication and a priori unions. Both values are obtained by applying the Shapley value to an associated TU-game....</p>
Persistent link: https://www.econbiz.de/10011255446
One of the main issues in economics is the trade-off between marginalism and egalitarianism. In the context of cooperative games this trade-off can be framed as one of choosing to allocate according to the Shapley value or the equal division solution. In this paper we provide tools that make it...
Persistent link: https://www.econbiz.de/10011255779
A situation in which a finite set of agents can generate certain payoffs by cooperation can be described by a cooperative game with transferable utility (or simply a TU-game) where each agent is represented by one player in the game. In this paper, we assume that one agent can be represented by...
Persistent link: https://www.econbiz.de/10011255881
This discussion paper resulted in a publication in 'Mathematical Methods of Operations Research', 2013, 77, 1-14.<P> In this paper we provide new axiomatizations of the Shapley value for TU-games using axioms that are based on relational aspects in the interactions among players. Some of these...</p>
Persistent link: https://www.econbiz.de/10011255991
We introduce the prediction value (PV) as a measure of players’ informational importance in probabilistic TU games. The latter combine a standard TU game and a probability distribution over the set of coalitions. Player i’s prediction value equals the difference between the conditional...
Persistent link: https://www.econbiz.de/10011256041
We consider a cooperative game with a bipartition that indicates which players are participating. This paper provides an analytical solution for the Shapley value when the worth of a coalition only depends on the number of participating coalition players. The computational complexity grows...
Persistent link: https://www.econbiz.de/10011256161
This discussion paper resulted in a publication in 'Linear Algebra and its Applications', 2015, 471, 224-240.<P> Hamiache (2001) assigns to every TU game a so-called associated game and then shows that the Shapley value is characterized as the unique solution for TU games satisfying the inessential...</p>
Persistent link: https://www.econbiz.de/10011256190
We consider the problem of axiomatizing the Shapley value on the class of assignment games. We first show that several axiomatizations of the Shapley value on the class of all TU-games do not characterize this solution on the class of assignment games by providing alternative solutions that...
Persistent link: https://www.econbiz.de/10011256194
Recently, applications of cooperative game theory to economic allocation problems have gained popularity. In many such allocation problems, such as river games, queueing games and auction games, the game is totally positive (i.e., all dividends are nonnegative), and there is some hierarchical...
Persistent link: https://www.econbiz.de/10005016260