Showing 1 - 10 of 146
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
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
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 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
We generalize the characterizations of the positive core and the positive prekernel to TU games with precedence … constraints and show that the positive core is characterized by non-emptiness (NE), boundedness (BOUND), covariance under … generalized Davis-Maschler reduced games, and the possibility of nondiscrimination. The bounded positive core, i.e., the union of …
Persistent link: https://www.econbiz.de/10014146018
It is well-known that the core on several domains of cooperative transferable utility (TU) and nontransferable utility … is shown that, if communication structures are present, the core may still be characterized on balanced TU games, on … totally balanced TU games, on NTU games with a nonempty core, on the domains of all TU or NTU games, and on several other …
Persistent link: https://www.econbiz.de/10014147814
bilateral consistency à la Hart and Mas-Colell. We prove that the egalitarian solution is the unique core selection that … satisfies AM and bounded richness, requiring that the poorest players cannot be made richer within the core. Replacing “poorest …
Persistent link: https://www.econbiz.de/10012890329
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
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