Showing 1 - 10 of 41
This paper introduces fixed tree games with repeated players (FRP games) which are a generalization of standard fixed … tree games.This generalization consists in allowing players to be located in more than one vertex.As a consequence, these … players can choose among several ways of connection with the root.In this paper we show that FRP games are balanced …
Persistent link: https://www.econbiz.de/10011092282
We introduce the class of Obligation rules for minimum cost spanning tree situations.The main result of this paper is that such rules are cost monotonic and induce also population monotonic allocation schemes.Another characteristic of Obligation rules is that they assign to a minimum cost...
Persistent link: https://www.econbiz.de/10011090299
The aim of this paper is to introduce and axiomatically characterize the P-value as a rule to solve the cost sharing problem in minimum cost spanning tree (mcst) situations.The P-value is related to the Kruskal algorithm for finding an mcst.Moreover, the P-value leads to a core allocation of the...
Persistent link: https://www.econbiz.de/10011090677
centralization, which means that they make a joint order to satisfy total future demand.The resulting newsvendor games are shown to … have non-empty cores in the literature.This study investigates convexity of newsvendor games.We focus our analysis on the … class of newsvendor games with independent symmetric unimodal demand distributions after providing several examples outside …
Persistent link: https://www.econbiz.de/10011090367
assumptions the cooperative games associated with these situations are totally balanced and, hence, have non-empty cores. Finally …
Persistent link: https://www.econbiz.de/10011090375
object is owned by a different agent, Shapley and Shubik (1972) introduced a class of assignment games arising from these … simple assignment games and relaxations that arise from assignment situations with multiple ownership.First, necessary and ….Second, balancedness results are obtained for relaxations of simple assignment games. …
Persistent link: https://www.econbiz.de/10011090430
Abstract: In this paper two cost sharing solutions for minimum cost spanning tree problems are introduced, the degree adjusted folk solution and the cost adjusted folk solution. These solutions overcome the problem of the classical reductionist folk solution as they have considerable strict...
Persistent link: https://www.econbiz.de/10011090555
We study the relation between the fuzzy core and balancedness for fuzzy games. For regular games, this relation has … satisfies all (fuzzy) balanced inequalities. We also consider deposit games to illustrate the use of the main result. …
Persistent link: https://www.econbiz.de/10011090659
In this paper we propose a new rule to allocate risk capital to portfolios or divisions within a firm. Specifically, we determine the capital allocation that minimizes the excesses of sets of portfolios in lexicographical sense. The excess of a set of portfolios is defined as the expected loss...
Persistent link: https://www.econbiz.de/10011090764
games with transferable utilities. We show that with at most five players the full cooperation structure results according …
Persistent link: https://www.econbiz.de/10011090774