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of the marginal contributions for environments with externalities. The dummy property related to it is defined. We adapt … average approach provided by Macho-Stadler et al. (J Econ Theory 135:339-356, 2007). -- externalities ; marginal contributions …
Persistent link: https://www.econbiz.de/10009355896
satiable agents, i.e., the benefit function is decreasing beyond some satiation point. In such situations externalities appear … has an increasing benefit function (no externalities) then every weighted hierarchical solution is core-stable. In case of … satiation points, it appears that every weighted hierarchical solution is independent of the externalities. …
Persistent link: https://www.econbiz.de/10011381991
In auctions with externalities, it is well-known that the core can be empty, which is undesirable both in terms of …
Persistent link: https://www.econbiz.de/10012843633
cooperative games. We construct bidding mechanisms where players bid for the role of the proposer. The mechanisms differ in the …
Persistent link: https://www.econbiz.de/10012731745
This paper studies coalition formation among individuals who differ in productivity. The output of a coalition is determined by the sum of productivities if the coalition exceeds a minimal threshold of members. We consider competitive societies in which the surplus of a coalition is split...
Persistent link: https://www.econbiz.de/10012896560
the externalities involved, as well as with where the source of cooperation lies in cooperative game theory. In either …
Persistent link: https://www.econbiz.de/10012709839
externalities. In particular, when externalities occur, a direct translation of Shapley's axioms does not imply a unique value. In … contributions), translated to games with externalities using the proper definition of the alpha-parametrized marginal contribution …
Persistent link: https://www.econbiz.de/10013077721
We develop a model of assignment games with pairwise-identitydependent externalities. A concept of conjectural …
Persistent link: https://www.econbiz.de/10010191642
externalities. To capture the features of inter-individual externalities, this paper constructs a new game-theoretic framework …
Persistent link: https://www.econbiz.de/10014063849
potential partners but also over what other matches occur. Once such externalities are considered, the set of stable matchings …
Persistent link: https://www.econbiz.de/10014067988