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This paper associates a strategic n-person game with a given transferable utility game and studies its Nash equilibria. Strict equilibria in this model characterize those divisions of social surplus that can become conventions in the sense of Young (1993). It is shown that even in relatively...
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the average rankings of the other types of groups. We show that a core stable coalition structure always exists, provided …
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coalition forms without delay in equilibrium, expected payoffs must be in the core of the characteristic function game that …
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We study linearly weighted versions of the least core and the (pre)nucleolus and investigatethe reduction possibilities … dual game. Our main results imply, for example, that if the core of the game is not empty, all dually inessential … core and the per-capita (pre)nucleolus from the dual game. This could lead to the design of polynomial time algorithms for …
Persistent link: https://www.econbiz.de/10012016477
The article presents a solution of a problem that is critical from a practical point of view: how to share a higher than usual discount of $10 million among 5 importers. The discount is a result of forming a coalition by 5 current, formerly competing, importers. The use of Shapley value as a...
Persistent link: https://www.econbiz.de/10011856465
This paper first establishes a new core theorem using the concept of generated payoffs: the TU (transferable utility …) core is empty if and only if the maximum of generated payoffs (mgp) is greater than the grand coalition’s payoff v(N), or …
Persistent link: https://www.econbiz.de/10003715105