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: (a) equivalence of the core and the set of competitive outcomes; (b) the Shapley value is contained in the core or … approximate cores; (c) the equal treatment property holds -- that is, both market equilibrium and the core treat similar players …
Persistent link: https://www.econbiz.de/10009328147
: (a) equivalence of the core and the set of competitive outcomes; (b) the Shapley value is contained in the core or … approximate cores; (c) the equal treatment property holds -- that is, both market equilibrium and the core treat similar players …
Persistent link: https://www.econbiz.de/10008624634
We generalize the characterizations of the positive core and the positive prekernel to TU games with precedence … constraints and show that the positive core is characterized by non-emptiness (NE), boundedness (BOUND), covariance under … generalized Davis-Maschler reduced games, and the possibility of nondiscrimination. The bounded positive core, i.e., the union of …
Persistent link: https://www.econbiz.de/10010791268
We generalize the characterizations of the positive core and the positive prekernel to TU games with precedence … constraints and show that the positive core is characterized by non-emptiness (NE), boundedness (BOUND), covariance under … generalized Davis-Maschler reduced games, and the possibility of nondiscrimination. The bounded positive core, i.e., the union of …
Persistent link: https://www.econbiz.de/10010818963
. The new solution is a lexicographic value although it is not a weighted prenucleolus. The SD-prenucleolus satisfies core …<Para ID="Par1">We introduce and characterize a new solution concept for TU games: The Surplus Distributor Prenucleolus …
Persistent link: https://www.econbiz.de/10011152061
only known continuous core concept that satisfies monotonicity for convex games. We also prove that for convex games the SD-prenucleolus …We prove that the SD-prenucleolus satisfies monotonicity in the class of convex games. The SD-prenucleolus is thus the …
Persistent link: https://www.econbiz.de/10011129018
We generalize the characterizations of the positive core and the positive prekernel to TU games with precedence … constraints and show that the positive core is characterized by non-emptiness (NE), boundedness (BOUND), covariance under … generalized Davis-Maschler reduced games, and the possibility of nondiscrimination. The bounded positive core, i.e., the union of …
Persistent link: https://www.econbiz.de/10011026097
in the cooperative game theory. We show that the well-known solutions of the cooperative game theory, the Shapley value …, the nucleolus (or the prenucleolus), and the t -value, coincide under a mild condition onthe traveling cost. …
Persistent link: https://www.econbiz.de/10011245946
The paper presents a framework in which the most important single-valued solutions in the literature of TU games are jointly analyzed. None of the main results is original.
Persistent link: https://www.econbiz.de/10005047542
We give a new proof of Young's characterization of the Shapley value. Moreover, as applications of the new proof, we show that Young's axiomatization of the Shapley value is valid on various well-known subclasses of TU games.
Persistent link: https://www.econbiz.de/10011250943