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-convexity, under which the game is shown to have a non-empty core and the average tree solution lies in the core. In general, link …
Persistent link: https://www.econbiz.de/10010325870
allowing all its members to get the service that generates the revenues. We focus on the study of the core of cost … consideration to all its members, it is shown that a cost-revenue game has a non-empty core for any vector of revenues if, and only … if, the dual game of the cost game has a large core. Using this result, we investigate minimum cost spanning tree games …
Persistent link: https://www.econbiz.de/10010326323
This article describes the basic elements of the cooperative approach to game theory, one of the two counterparts of … the discipline. After the presentation of some basic definitions, the focus will be on the core and the Shapley value, two … of the most central solution concepts in cooperative game theory. …
Persistent link: https://www.econbiz.de/10010318970
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/10010272595
Game Theory describes human interaction involving conflict, cooperation and competition, the term Interpersonal … Decision Theory is synonymous. The term reflects the fact that most essential features of this field are manifested in parlor …
Persistent link: https://www.econbiz.de/10010272574
coalitions also their union is feasible. Properties of solutions (the core, the nucleolus, the prekernel and the Shapley value …
Persistent link: https://www.econbiz.de/10010325691
) located along the river. The benefit of each agent depends on the amount of water consumed by the agent. An allocation of the … water among the agents is efficient when it maximizes the total benefits. To sustain an efficient water allocation, the … agents can compensate each other by paying monetary transfers. Every water allocation and transfer schedule yields a welfare …
Persistent link: https://www.econbiz.de/10010325973
, 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/10010272566
. The core predicts a unique and extreme outcome: the entire surplus is split evenly among the buyers when m > n and among … the sellers when m < n; the long side gets nothing. We test this core conjecture in the lab with n + m = 3 or 5 randomly … agreements while trading. Despite frequent attempts to collude and occasional large deviations from the core prediction, we find …
Persistent link: https://www.econbiz.de/10010288168
ones. We then define the balanced-core as a refinement ofthe core. A payoff vector lies in the balanced-core if it lies in … the core andthe payoff vector is an element of payoff sets of all graphs in some balanced collection ofgraphs. We prove … that any balanced graph game has a nonempty balanced-core.We conclude by some examples showing the usefulness of the …
Persistent link: https://www.econbiz.de/10010324576