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We study a cooperative problem where agents contribute a certain amount of money or capital in order to obtain a surplus. The proportional distribution with respect to the contributions of players is a core element of the cooperative game associated. Within this basic model, an external agent is...
Persistent link: https://www.econbiz.de/10009321036
We study under which conditions the core of a game involved in a convex decomposition of another game turns out to be a stable set of the decomposed game. Some applications and numerical examples, including the remarkable Lucas five player game with a unique stable set different from the core,...
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We provide explicit formulas for the nucleolus of an arbitrary assignment game with two buyers and two sellers. Five different cases are analyzed depending on the entries of the assignment matrix. We extend the results to the case of 2 m or m 2 assignment games.
Persistent link: https://www.econbiz.de/10010817236
On the domain of two-sided assignment markets, the nucleolus is axiomatized as the unique solution that satisfies derived consistency (Owen, 1992) and complaint mono- tonicity on sectors size. As a consequence, we obtain a geometric characterization of the nucleolus by means of a strong form of...
Persistent link: https://www.econbiz.de/10010593239
An assignment game is defined by a matrix A, where each row represents a buyer and each column a seller. If buyer i is matched with seller j, the market produces aij units of utility. We study Monge assignment games, that is bilateral cooperative assignment games where the assignment matrix...
Persistent link: https://www.econbiz.de/10010895706
We characterize single-valued solutions of transferable utility cooperative games satisfying core selection and aggregate monotonicity. Fur- thermore, we show that these two properties are compatible with individual rationality, the dummy player property and the symmetry property. We nish...
Persistent link: https://www.econbiz.de/10008518895
In the framework of bilateral assignment games, we study the set of matrices associated with assignment markets with the same core. We state conditions on matrix entries that ensure that the related assignment games have the same core. We prove that the set of matrices leading to the same core...
Persistent link: https://www.econbiz.de/10008522620
A necessary condition for the coincidence of the bargaining sets dened by Shimomura (1997) and the core of a cooperative game with transferable utility is provided. To this aim, a set of payo vectors, called max-payo vectors, are introduced. This necessary condition simply checks whether these...
Persistent link: https://www.econbiz.de/10008468248