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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 nonempty 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/10011097704
the discipline. After the presentation of some basic definitions, the focus will be on the core and the Shapley value, two …
Persistent link: https://www.econbiz.de/10005611899
assignment game. We consider the Core, three other notions of group stability and two alternative definitions of competitive … equilibrium. We show that (i) each group stable set is closely related with the Core of certain games defined using a proper …
Persistent link: https://www.econbiz.de/10011019700
-wise stability and Core. We first establish that the Set-wise stable set is contained in the Core and it contains the non-empty set … competitive equilibrium payoffs. Third, for any number of replicas there is a market with a Core payoff that is not a competitive …
Persistent link: https://www.econbiz.de/10011019707
Maschler et al. (1979) provide a geometrical characterization for the intersection of the kernel and the core of a … each pair of players. In the case of the assignment game, this means that the kernel can be determined as those core … allocations where the maximum amount, that can be transferred without getting outside the core, from one agent to his …
Persistent link: https://www.econbiz.de/10009371382
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coincide and give the midpoint between the buyers-optimal core allocation and the sellers-optimal core allocation, and thus … they belong to the core. Moreover, under the assumption that all agents in the market are active, the subset of core … set of stable allocations where each agent is paid at least half of his maximum core payoff. All allocations in this last …
Persistent link: https://www.econbiz.de/10010851444
We provide explicit formulas for the nucleolus of an arbitrary assignment game with two buyers and two sellers. Five different cases are analyzed depending on the entries of the assignment matrix. We extend the results to the case of 2 m or m 2 assignment games.
Persistent link: https://www.econbiz.de/10010817236
considering the union of the core of the game and the core of the subgames that are compatible with this matching. We prove in the … assignment game, have a lattice structure with respect to the same partial order usually defined on the core. …
Persistent link: https://www.econbiz.de/10011042998