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The mean value is a new extension of the Shapley value for games with communication structure representable by a simple graph; only pairwise meetings can occur, although some of them might not be permitted. The new value is characterized by a set of axioms of which the one with the most...
Persistent link: https://www.econbiz.de/10005755754
In this work, a new axiomatization of the Shapley is presented. An associated game is constructed. We define a sequence of games, when the term of order n, in this sequence, is the associated game of the term of order (n-1). We show that the sequence converges and that the limit game is...
Persistent link: https://www.econbiz.de/10005755793
Persistent link: https://www.econbiz.de/10008486624
In an article by Hamiache (IJGT, 2001) an axiomatization of the Shapley value has been proposed. Three axioms were called on, inessential game, continuity and associated consistency. This present article proposes a new proof, based on elementary linear algebra. Games are represented by vectors....
Persistent link: https://www.econbiz.de/10008725918
This paper presents two new axiomatizations of the Owen value for games with coalition structures. Two associated games are defined and a consistency axiom is required. The construction of the associated games presupposes that coalitions behave in an aggressive manner towards players who are not...
Persistent link: https://www.econbiz.de/10005375631
Ordinally single-peaked preferences are distinguished from cardinally single-peaked preferences, in which all players have a similar perception of distances in some one-dimensional ordering. While ordinal single-peakedness can lead to disconnected coalitions that have a ‘hole’ in...
Persistent link: https://www.econbiz.de/10011135415
Tourism has a continuous movement in the 21st century, which requires to entrepreneurs / businesses (public and private) to make from the environment a priority. Because now tourism is the most developed industry in the world, the environment has a central stage in its development...
Persistent link: https://www.econbiz.de/10011208016
The dynamic characteristics of the proton exchange membrane (PEM) fuel cell are of great importance in its design and applications. In this paper, the dynamic process of stack voltage is analyzed when the current is step inputted. We discuss the process from the following four aspects: voltage...
Persistent link: https://www.econbiz.de/10010804973
Ecological, toxicological, and pharmacological research is often concerned with the answer to the question of how a substance is processed within a biological system. The exact knowledge of the corresponding kinetic pattern forms the basis for a useful answer. In order to identify non-linear...
Persistent link: https://www.econbiz.de/10010955500
The purpose of this research is to study the trough of the global economics crisis in 2007 by studying business cycle of dry bulk shipping market using an integrative model over the period from January 1999 to October 2008 with developing an integrative model. This market is comprised of three...
Persistent link: https://www.econbiz.de/10009277938