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A power system is modeled by an interaction form, the solution of which is called a settlement. By stability we mean the existence of some settlement for any preference profile. Like in other models of power structure, instability is equivalent to the existence of a cycle. Structural properties...
Persistent link: https://www.econbiz.de/10010751036
An interaction form is an abstract model of interaction based on a description of power distribution among agents over alternatives. A solution known as the settlement set is defined at any preference profile. Necessary and sufficient conditions for stability, that is the existence of...
Persistent link: https://www.econbiz.de/10010751043