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Axiomatization and Implementation of Discounted Shapley Values

van den Brink, Rene; Funaki, Yukihiko - 2010

We generalize the null player property (satisfied by the Shapley value) and nullifying player property (satisfied by the equal division solution) to the so-called delta-reducing player property, stating that a delta-reducing player (being a player such that any coalition containing this player...

Persistent link: https://www.econbiz.de/10010326064

On implementation via demand commitment games

Dasgupta, Aniruddha; Chiu, Y. Stephen - In: International journal of game theory : official journal … 27 (1998) 2, pp. 161-189

Persistent link: https://www.econbiz.de/10001437343

Equity as a prerequisite for stable cooperation in a public-good economy: The core revisited

Buchholz, Wolfgang; Peters, Wolfgang - 2010

on the one hand and the core property of an allocation on the other. In particular we show that it is an inhomogeneous … sacrifice') which is derived from the egalitarian-equivalent concept suggested by Moulin (1987). We also develop a simple core … test by which it can be checked whether a given allocation is in the core thus being a possible outcome of a cooperative …

Persistent link: https://www.econbiz.de/10010270530

The core of a strategic game

Chander, Parkash - In: The B.E. journal of theoretical economics 19 (2019) 1, pp. 1-10

Persistent link: https://www.econbiz.de/10011974917

Consistency, Monotonicity and Implementation of Egalitarian Shapley Values

van den Brink, René; Funaki, Yukihiko; Ju, Yuan - 2007

One of the main issues in economics is the trade-off between marginalism and egalitarianism. In the context of cooperative games this trade-off can be framed as one of choosing to allocate according to the Shapley value or the equal division solution. In this paper we provide tools that make it...

Persistent link: https://www.econbiz.de/10010325573