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of solutions using monotonicity properties. Finally, we provide a non-cooperative implementation for these solutions …
Persistent link: https://www.econbiz.de/10011372987
of solutions using monotonicity properties. Finally, we provide a non-cooperative implementation for these solutions …
Persistent link: https://www.econbiz.de/10014224553
characterizes the corresponding delta-discounted Shapley value. Moreover, we provide a strategic implementation of these solutions …
Persistent link: https://www.econbiz.de/10011380928
In cooperative games with transferable utilities, the Shapley value is an extreme case of marginalism while the Equal Division rule is an extreme case of egalitarianism. The Shapley value does not assign anything to the non-productive players and the Equal Division rule does not concern itself...
Persistent link: https://www.econbiz.de/10014031327
The principle of weak monotonicity for cooperative games states that if a game changes so that the worth of the grand coalition and some player's marginal contribution to all coalitions increase or stay the same, then this player's payoff should not decrease. We investigate the class of values...
Persistent link: https://www.econbiz.de/10013056314
We consider an analytic formulation/parametrization of the class of efficient, linear, and symmetric values for TU games that, in contrast to previous approaches, which rely on the standard basis, rests on the linear representation of TU games by unanimity games. Unlike most of the other...
Persistent link: https://www.econbiz.de/10009565677
We provide new characterizations of the equal surplus division value and the equal division value as well as of the class of their convex mixtures. This way, the difference between the Shapley value, the equal division value, and the equal surplus division value is pinpointed to one axiom....
Persistent link: https://www.econbiz.de/10009565680
In the absence of externalities, marginality is equivalent to an independence property that rests on Harsanyi‘s dividends. These dividends identify the surplus inherent to each coalition. Independence states that a player‘s payoff stays the same if only dividends of coalitions to which this...
Persistent link: https://www.econbiz.de/10012010357
The value is a solution concept for n-person strategic games, developed by Nash, Shapley, and Harsanyi. The value of a game is an a priori evaluation of the economic worth of the position of each player, reflecting the players' strategic possibilities, including their ability to make threats...
Persistent link: https://www.econbiz.de/10012806287
characterizes the corresponding delta-discounted Shapley value. Moreover, we provide a strategic implementation of these solutions …
Persistent link: https://www.econbiz.de/10014045005