Showing 1 - 9 of 9
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In this paper, we propose a new extension of the run-to-the-bank rule for bankruptcy situations to the class of multi-issue allocation situations. We show that this rule always yields a core element and that it satisfies self-duality. We characterise our rule by means of a new consistency...
Persistent link: https://www.econbiz.de/10010999765
Three solution concepts for cooperative games with random payoffs are introduced. These are the marginal value, the dividend value and the selector value. Inspiration for their definitions comes from several equivalent formulations of the Shapley value for cooperative TU games. An example shows...
Persistent link: https://www.econbiz.de/10005155681
In this paper, we propose a new extension of the run-to-the-bank rule for bankruptcy situations to the class of multi-issue allocation situations. We show that this rule always yields a core element and that it satisfies self-duality. We characterise our rule by means of a new consistency...
Persistent link: https://www.econbiz.de/10010759362
Persistent link: https://www.econbiz.de/10008526472
This paper introduces a new model concerning cooperative situations in which the payoffs are modeled by random variables. We analyze these situations by means of cooperative games with random payoffs. Special attention is paid to three types of convexity, namely coalitional-merge,...
Persistent link: https://www.econbiz.de/10005047564
This paper considers sequencing situations with due date criteria. Three different types of criteria are considered: the weighted penalty criterion, the weighted tardiness criterion and the completion time criterion. The main focus is on convexity of the associated cooperative games.
Persistent link: https://www.econbiz.de/10011092827
To verify whether a transferable utility game is exact, one has to check a linear inequality for each exact balanced collection of coalitions. This paper studies the structure and properties of the class of exact balanced collections. Comparing the definition of exact balanced collections with...
Persistent link: https://www.econbiz.de/10011091893