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A Compromise Stable Extension of Bankruptcy Games : Multipurpose Resource Allocation
Borm, Peter - 2011
This paper considers situations characterized by a common-pool resource, which needs to be divided among agents. Each of the agents has some claim on this pool and an individual reward function for assigned resources. This paper analyzes not only the problem of maximizing the total joint reward,...
Persistent link: https://www.econbiz.de/10013128540
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The Monoclus of a Coalitional Game
Slikker, Marco - 2008
The analysis of single-valued solution concepts for coalitional games with transferable utilities has a long tradition. Opposed to most of this literature we will not deal with solution concepts that provide payoffs to the players for the grand coalition only, but we will analyze allocation...
Persistent link: https://www.econbiz.de/10012725552
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Multi-Choice Total Clan Games : Characterizations and Solution Concepts
Branzei, Rodica; Llorca, Natividad; Sánchez Soriano, J.; … - 2007
the core of a multi-choice clan game is explicitly described. Furthermore, characterizations of multi-choice total clan … that some elements in the core of a multi-choice total clan game are extendable to such bi-monotonic allocation schemes via …
Persistent link: https://www.econbiz.de/10014223097
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Properties of risk capital allocation methods : core compatibility, equal treatment property and strong monotonicity
Balog, Dóra; Bátyi, Tamás László; Csóka, Péter; … - 2014
axiomatization of the Shapley value that the requirements of Core Compatibility, Equal Treatment Property and Strong Monotonicity are …
Persistent link: https://www.econbiz.de/10010381388
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Coalition and Core in Resource Allocation and Exchange
Zhang, Jun - 2020
In discrete exchange economies with possibly redundant and joint ownership, we propose new core notions in the …-enforcing coalitions and to redistribute their redundant property rights. Our first notion lies between the strong core and the weak core … and is independent of Balbuzanov and Kotowski's (2019a) exclusion core. Our second notion refines the first and the …
Persistent link: https://www.econbiz.de/10012839675
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Stable Contractual Allocations, Equilibria and Core in Incomplete Markets
Marakulin, Valeriy M. - 2020
a contractual approach and based on the notion of fuzzy contractual allocation, see Marakulin (2011, 2013). Core … core converts into a classical one when the market turns complete. Under perfect competition conditions, core allocations … are GEI-equilibria. These properties prove the validity of the suggested core …
Persistent link: https://www.econbiz.de/10012842642
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Alternating or compensating? : an experiment on the repeated sequential best shot game
Bruttel, Lisa; Güth, Werner - 2013
In the two-person sequential best shot game, first player 1 contributes to a public good and then player 2 is informed about this choice before contributing. The payoff from the public good is the same for both players and depends only on the maximal contribution. Efficient voluntary cooperation...
Persistent link: https://www.econbiz.de/10010252393
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Connection Situations Under Uncertainty
Moretti, Stefano - 2008
This paper deals with cost allocation problems arising from connection situations where edge costs are closed intervals of real numbers. To solve such problems, we extend classical solutions from the theory of minimum cost spanning tree games. We study the properties of such solutions and...
Persistent link: https://www.econbiz.de/10012723289
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Allocation of Fixed Costs : Characterization of the (Dual) Weighted Shapley Value
Dehez, Pierre - 2015
The weighted value was introduced by Shapley in 1953 as an asymmetric version of his value. Since then several axiomatizations have been proposed including one by Shapley in 1981 specifically addressed to cost allocation, a context in which weights appear naturally. It was at the occasion of a...
Persistent link: https://www.econbiz.de/10013022911
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Allocation Rules for Multi-choice Games with a Permission Tree Structure
Lowing, David - 2021
We consider multi-choice cooperative games with a permission tree structure. Multi-choice games are a generalization of a cooperative transferable utility games in which each player has several activity levels. In addition, a permission tree structure models a situation in which a player needs...
Persistent link: https://www.econbiz.de/10013239884