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We propose the "average approach," where the worth of a coalition is a weighted average of its worth for different partitions of the players' set, as a unifying method to extend values for characteristic function form games. Our method allows us to extend the equal division value, the equal...
Persistent link: https://www.econbiz.de/10011509414
This paper studies the relation between optimal dam capacity and water management under rivalry uses and externalities …-linear building cost of dam capacity and externalities in a welfare optimization model. We obtain the optimal dam capacity for multi …
Persistent link: https://www.econbiz.de/10010421750
We delineate the various ways in which rights to environmental and other resources can be assigned to individuals or groups. We then examine models of individual and group interactions, drawing out their implications for the ways in which resources will be utilized and managed under various...
Persistent link: https://www.econbiz.de/10014023942
Consider an environment with widespread externalities, and suppose that binding agreements can be written. We study …
Persistent link: https://www.econbiz.de/10011608412
of the marginal contributions for environments with externalities. The dummy property related to it is defined. We adapt …
Persistent link: https://www.econbiz.de/10010317092
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
of games with externalities and issue linkage to promote cooperation on transboundary water resources. The paper analyzes …
Persistent link: https://www.econbiz.de/10009500936
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
river in which net emissions accumulate and induce negative externalities to downstream riparians. Assuming a cooperative …
Persistent link: https://www.econbiz.de/10011297662
In auctions with externalities, the core can be empty, which is undesirable both in terms of stability and fairness. We …
Persistent link: https://www.econbiz.de/10012836639