Showing 1 - 10 of 32
We consider the problem of sharing water from a river among the group of countries located along it. The benefit of each country depends on the amount of water it consumes. An allocation of the water is efficient when it maximizes the total benefits of the countries. The problem of finding a...
Persistent link: https://www.econbiz.de/10010856006
We provide a new and concise characterization of the Banzhaf value on the (linear) space of all TU-games on a fixed … she belongs to. To prove this result we derive direct-sum decompositions of the space of all TU-games. We show that, for … each player, the space of all TU-games is the direct sum of the subspace of TU-games where this player is dummy and the …
Persistent link: https://www.econbiz.de/10010945581
In this article, we study cooperative games with limited cooperation possibilities, represented by a tree on the set of … space of TU-games on a fixed tree, and two new basis for these spaces of TU-games. We then focus our attention on the …-free Games. Games and Economic Behavior 62, 77-92). We provide a basis for its kernel and a new axiomatic characterization by …
Persistent link: https://www.econbiz.de/10010945582
In this article, we provide a new basis for the kernel of the Shapley value (Shapley, 1953), which is used to construct a new axiom of invariance, and to provide a new axiomatic characterization of the Shapley value. This characterization only invokes marginalistic principles, and does not rely...
Persistent link: https://www.econbiz.de/10010945583
data sharing games within the European REACH legislation. While our result does not hold on data sharing games, we provide …
Persistent link: https://www.econbiz.de/10010945584
We replace the axiom of fairness used in the characterization of the Myerson value (Myerson, 1977) by fairness for neighbors in order to characterize the component-wise egalitarian solution. When a link is broken, fairness states the two players incident to the link should be affected similarly...
Persistent link: https://www.econbiz.de/10009650036
the Davis-Maschler reduced-games is also pointed out. …
Persistent link: https://www.econbiz.de/10008694029
This article studies values for cooperative games with transferable utility. Numerous such values can be characterized … transformation on the vector space of cooperative games with transferable utility. Xu et al. (2008, 2009, Linear Algebra Appl.), Xu …
Persistent link: https://www.econbiz.de/10011227973
We consider communication situations games being the combination of a TU-game and a communication graph. We study the …
Persistent link: https://www.econbiz.de/10008518103
We consider natural axioms for allocating the income of museum pass programs. Two allocation rules are characterized and are shown to coincide with the Shapley value and the equal division solution of the associated TU-game introduced by Ginsburgh and Zang (2003).
Persistent link: https://www.econbiz.de/10008543490