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We consider the allocation of a finite number of indivisible objects to the same number of agents according to an exogenously given queue.We assume that the agents collaborate in order to achieve an efficient outcome for society.We allow for side-payments and provide a method for obtaining...
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In this note we introduce an egalitarian solution, called the dual egalitarian solution, that is the natural counterpart of the egalitarian solution of Dutta and Ray (1989).We prove, among others, that for a convex game the egalitarian solution coincides with the dual egalitarian solution for...
Persistent link: https://www.econbiz.de/10011092654
A multi-choice game is a generalization of a cooperative game in which each player has several activity levels.This note provides several characterizations of the extended Shapley value as proposed by Derks and Peters (1993).Three characterizations are based on balanced contributions properties,...
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The egalitarian solution for TU-games as introduced by Dutta and Ray [3] is studied. Two characterizations of the restriction of this solution to the class of convex games are given, using weak variants of the reduced game properties of Hart and Mas-Colell [6] and Davis and Maschler [5]. The...
Persistent link: https://www.econbiz.de/10011092299