Showing 1 - 10 of 388
In this paper we investigate some new applications of Scarf's Lemma. First, we introduce the notion of fractional core for NTU-games, which is always nonempty by the Lemma. Stable allocation is a general solution concept for games where both the players and their possible cooperations can have...
Persistent link: https://www.econbiz.de/10010494519
We generalize two well-known game-theoretic models by introducing multiple partners matching games, defined by a graph G = (N;E), with an integer vertex capacity function b and an edge weighting w. The set N consists of a number of players that are to form a set M is a subset of E of 2-player...
Persistent link: https://www.econbiz.de/10011345044
We show the existence of an upper bound for the number of blocks required to get from one imputation to another provided that accessibility holds. The bound depends only on the number of players in the TU game considered. For the class of games with non-empty cores this means that the core can...
Persistent link: https://www.econbiz.de/10011560695
In this paper we investigate some new applications of Scarf's Lemma. First, we introduce the notion of fractional core for NTU-games, which is always nonempty by the Lemma. Stable allocation is a general solution concept for games where both the players and their possible cooperations can have...
Persistent link: https://www.econbiz.de/10009679010
The nucleolus offers a desirable payoff-sharing solution in cooperative games, thanks to its attractive properties. Although computing the nucleolus is very challenging, the Kohlberg criterion offers a method for verifying whether a solution is the nucleolus in relatively small games (number of...
Persistent link: https://www.econbiz.de/10012226689
The core of games arising from semi-infinite transportation situations with infinitely divisible goods is studied. In these situations one aims at maximizing the profit from transporting a good from a finite number of suppliers to an infinite number of demanders. This good is infinitely...
Persistent link: https://www.econbiz.de/10014142667
We study linear production situations with an infinite number of production techniques. Such a situation gives rise to a semi-infinite linear program. Related to this program, we introduce primal and dual games and study relations between these games, the cores of these games and the so-called...
Persistent link: https://www.econbiz.de/10014143770
This paper analyzes endogenous merger formation in oligopolistic markets where firms have different unit production costs. We reformulate the merger model, introduced by Barros (1998), by employing the core as cooperative equilibrium concept. We show that, depending on the size asymmetry in the...
Persistent link: https://www.econbiz.de/10010305069
A set of outcomes for a TU-game in characteristic function form is dominant if it is, with respect to an outsider-independent dominance relation, accessible (or admissible) and closed. This outsider-independent dominance relation is restrictive in the sense that a deviating coalition cannot...
Persistent link: https://www.econbiz.de/10011325084
This paper reinterprets the ? -core (Chander and Tulkens (1995, 1997)) and justifies it as well as its prediction that the efficient coalition structure is stable in terms of the coalition formation theory. It is assumed that coalitions can freely merge or break apart, are farsighted (that is,...
Persistent link: https://www.econbiz.de/10011325128