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The German system of financial equalization among the country’s 16 federal states is built into a cooperative game. In this game, pairs of disjoint coalitions of players may form alliances which harmonize tax revenues among its members according to the procedural regulations of the law. The...
Persistent link: https://www.econbiz.de/10010994667
If carbon capture and storage (CCS) is to become a viable option for low-carbon power generation, its deployment will require the construction of dedicated CO<Subscript>2</Subscript> transport infrastructure. In a scenario of large-scale deployment of CCS in Europe by 2050, the optimal (cost-minimising)...</subscript></subscript>
Persistent link: https://www.econbiz.de/10010987520
” allocation method, a concept from cooperative game theory, to the decomposition of inequality. This paper examines the “Shapley …
Persistent link: https://www.econbiz.de/10010987645
Theory 64:20–34, <CitationRef CitationID="CR8">1994</CitationRef>). They propose an auction mechanism that results in an …
Persistent link: https://www.econbiz.de/10010988746
This paper provides a quantitative metric for financial stability of Korean commercial banking system based on the Tsomocos (J Math Econ 39(5–6):619–655, <CitationRef CitationID="CR32">2003</CitationRef>) model, for which we use market data as proxies for probabilities of default and equity valuation of the banking sector. We estimate...</citationref>
Persistent link: https://www.econbiz.de/10010989127
In this paper, we consider the problem, introduced by Ginsburgh and Zang (Games Econ Behav 43:322–325, <CitationRef CitationID="CR6">2003</CitationRef>), of sharing the income from the sell of passes that allow the entrance in a set of museums. First, we recall some allocation rules and some properties presented in Ginsburgh and Zang...</citationref>
Persistent link: https://www.econbiz.de/10010989651
We introduce ideas and methods from distribution theory into value theory. This new approach enables us to construct … new diagonal formulas for the Mertens value (Int J Game Theory 17:1–65, <CitationRef CitationID="CR5">1988</CitationRef …
Persistent link: https://www.econbiz.de/10010993409
the representation theory of the symmetric groups to characterize the space of linear and symmetric values. We call such …
Persistent link: https://www.econbiz.de/10010993412
Time series of coalitions (so-called scenarios) are studied that describe processes of coalition formation where several players may enter or leave the current coalition at any point in (discrete) time and convergence to the grand coalition is not necessarily prescribed. Transitions from one...
Persistent link: https://www.econbiz.de/10010993542
In this paper, we define a modification of the Shapley value for the model of TU games with a priori unions. We provide two characterizations of this value and a new characterization of the Banzhaf–Owen coalitional value. Copyright Sociedad de Estadística e Investigación Operativa 2014
Persistent link: https://www.econbiz.de/10010995351