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Minimum-cost spanning tree problems are well-known problems in the operations research literature. Some agents, located at different geographical places, want a service provided by a common supplier. Agents will be served through costly connections. Some part of the literature has focused,...
Persistent link: https://www.econbiz.de/10014496126
Persistent link: https://www.econbiz.de/10009720713
Minimum-cost spanning tree problems are well-known problems in the operations research literature. Some agents, located at different geographical places, want a service provided by a common supplier. Agents will be served through costly connections. Some part of the literature has focused,...
Persistent link: https://www.econbiz.de/10012503905
set of players of the cooperative game is the set of pure actions of the strategic game. The Core is characterized through …
Persistent link: https://www.econbiz.de/10010991677
Aggregate monotonicity of cooperative solutions is widely accepted as a desirable property, and examples where certain solution concepts (such as the nucleolus) violate this property are scarce and have no economic interpretation. We provide an example of a simple four-player game that points...
Persistent link: https://www.econbiz.de/10004976645
This paper is concerned with the question of how to define the core when cooperation takes place in a dynamic setting …-games. Three different core concepts are presented: the classical core, the strong sequential core and the weak sequential core …. Sufficient conditions are given for nonemptiness of the classical core in general and of the weak sequential core for the case of …
Persistent link: https://www.econbiz.de/10005050933
Persistent link: https://www.econbiz.de/10005375619
core is that the monotonic cover of the excess game induced by a payoff be balanced for each imputation in the bargaining … contained in the core. We also give examples showing that to maintain these characterizations, the respective assumptions on the …
Persistent link: https://www.econbiz.de/10005155761
Persistent link: https://www.econbiz.de/10008515698
In this paper we consider the problem of the control of access to a firm's productive asset, embedding the relevant decisionmakers into a general structure of formal authority relations. Within such an authority structure, each decision maker acts as a principal to some decision makers, while...
Persistent link: https://www.econbiz.de/10010325070