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It is known that for supermodular TU-games, the vertices of the core are the marginal vectors, and this result remains …, obtained by minimizing or maximizing in a given order the coordinates of a core element. We give a simple formula which does …, and show that there exist balanced games whose core has vertices which are not min-max vertices if and only if n > 4 …
Persistent link: https://www.econbiz.de/10012984412
We show that neither Peleg's nor Tadenuma's well-known axiomatizations of the core by non-emptiness, individual … balanced TU games are considered, even if anonymity is required in addition. Moreover, we show that the core and its relative …
Persistent link: https://www.econbiz.de/10012845663
A balanced transferable utility game (N, v) has a stable core if its core is externally stable, that is, if each … imputation that is not in the core is dominated by some core element. Given two payoff allocations x and y, we say that x … outvoting coincides with the core if and only if the game has a stable core. By applying the duality theorem of linear …
Persistent link: https://www.econbiz.de/10012831209
We show that on the domain of convex games, Dutta-Ray's egalitarian solution is characterized by core selection … core. Replacing "poorest" by "poorer" allows to eliminate aggregate monotonicity. Moreover, strengthening core selection …
Persistent link: https://www.econbiz.de/10012836827
cooperative games with transferable utility. This notion is used to axiomatically characterize the core on the domain of convex … value, (b) all homothetic images of the core with the Shapley value as center of homothety and with positive ratios of …
Persistent link: https://www.econbiz.de/10012824091
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Two preimputations of a given TU game can be compared via the Lorenz order applied to the vectors of satisfactions. One preimputation is 'socially more desirable' than the other, if its corresponding vector of satisfactions Lorenz dominates the satisfaction vector with respect to the second...
Persistent link: https://www.econbiz.de/10014221788
is either ordinal convex or coalition merge convex coincides with the core of the game. Moreover, we show by means of an …
Persistent link: https://www.econbiz.de/10013040545