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Fixed Tree Games with Repeated Players
Norde, Henk; Miquel, S.; van Velzen, S.; Hamers, H.J.M. - Tilburg University, Center for Economic Research - 2003
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
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Obligation Rules for Minimum Cost Spanning Tree Situations and their Monotonicity Properties
Norde, Henk; Tijs, S.H.; Brânzei, R.; Moretti, S. - Tilburg University, Center for Economic Research - 2004
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
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The P-Value for Cost Sharing in Minimum Cost Spanning Tree Situations
Norde, Henk; Brânzei, R.; Moretti, S.; Tijs, S.H. - Tilburg University, Center for Economic Research - 2003
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
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Monotonic Stable Solutions for Minimum Coloring Games
Hamers, Herbert - 2011
For the class of minimum coloring games (introduced by Deng et al. (1999)) we investigate the existence of population …
Persistent link: https://www.econbiz.de/10013129989
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Excess Based Allocation of Risk Capital
van Gulick, Gerwald - 2010
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/10013135329
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The Monoclus of a Coalitional Game
Slikker, Marco - 2008
The analysis of single-valued solution concepts for coalitional games with transferable utilities has a long tradition … four closely related allocation scheme rules for coalitional games. Each of these rules results in a population monotonic …
Persistent link: https://www.econbiz.de/10012725552
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The Family of Weighted Aumann-shapley Values With an Application in Risk Capital Allocations
Boonen, Tim J. - 2018
This paper introduces the family of Weighted Aumann-Shapley values for piecewise linear fuzzy games. The regular Aumann … approach of Aumann and Shapley (1974). Their approach is not working on the class of piecewise linear fuzzy games. We show that …
Persistent link: https://www.econbiz.de/10012938623
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Bargaining for Over-the-Counter Risk Redistributions : The Case of Longevity Risk
Boonen, Tim J. - 2017
Existing literature regarding the natural hedge potential that arises from combining liabilities with different sensitivities focuses on the optimal liability mix, but does not address the question whether and how changes in the liability mix can be obtained. In the absence of a well-functioning...
Persistent link: https://www.econbiz.de/10012974804
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Cooperative Newsvendor Games : A Review
Montrucchio, Luigi - 2016
In this survey we review some of the main contributions to the cooperative approach of newsvendor situations. We show how newsvendor situations with several retailers can be modeled as a transferable-utility cooperative game and we concentrate on one solution concept: the core. First we examine...
Persistent link: https://www.econbiz.de/10013008230
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On the Convexity of Newsvendor Games
Ozen, Ulas - 2012
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/10012713467