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coalition production economy corresponding to the game. First, it is shown that the full core of a TU game is not empty if and … only if the completion of the game is balanced. The full core is defined free of any particular coalition structure and the … coalitions of the game emerge endogenously from the full core. Second, it is shown that the full core of a completion …
Persistent link: https://www.econbiz.de/10009452472
We have studied the incentives of forming coalitions in the Airport Problem. It has shown that in this class of games, if coalitions form freely, the Shapley value does not lead to the formation of grand or coalitions with many players. Just a coalition with a few number of players forms to act...
Persistent link: https://www.econbiz.de/10009452562
identify a cost allocation that is in the core. The allocation rule charges every firm the cost of capacity for which it is …
Persistent link: https://www.econbiz.de/10009462885
notion of an interval core has been coined and proposed as a solution concept for interval-valued games. In this paper we … will present a general mathematical programming algorithm which can be applied to find an element in the interval core. As … demonstrate how interval core elements can be computed. Also, we reveal that pitfalls exist if interval core elements are computed …
Persistent link: https://www.econbiz.de/10009447478
We are concerned with the problem of core membership testing for hedonic coalition formation games, which is to decide … whether a certain coalition structure belongs to the core of a given game. We show that this problem is co-NP complete when …
Persistent link: https://www.econbiz.de/10009452483
the clan by a "dualize and extend" procedure. These procedures are also useful for relating core elements and elements of …
Persistent link: https://www.econbiz.de/10009452522
models, Shenoy's (1979) absence of the paradox of smaller coalitions provides a sufficient condition for core existence. We …. (2001) that guarantees nonemptiness of the core in more general models. As it turns out, the top coalition property implies …
Persistent link: https://www.econbiz.de/10009452527
. Do pure indivisibilities prevent core equivalence? Core equivalence theorem in an atomless economy with purely … agents, the core coincides with the set of Walras allocations. We show that this equivalence holds only in an atomless … economy by giving two examples of the sequence of replica economies such that in any replica economy, there exists a core …
Persistent link: https://www.econbiz.de/10009452560
This paper investigates core stability of cooperative, TU games via a fuzzy extension of the totally balanced cover of … a TU game. The stability of the core of the fuzzy extension of a game, the concave extension, is shown to reflect the … core stability of the original game and vice versa. Stability of the core is then shown to be equivalent to the existence …
Persistent link: https://www.econbiz.de/10009452563
, the set of Walrasian payoff vectors of the induced coalition production economy coincides with the core of the balanced …
Persistent link: https://www.econbiz.de/10009452568