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A set of jobs need to be served by a server which can serve only one job at a time. Jobs have processing times and incur waiting costs (linear in their waiting time). The jobs share their costs through compensation using monetary transfers. In the first part, we provide an axiomatic...
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models, Shenoy's (1979) absence of the paradox of smaller coalitions provides a sufficient condition for core existence. We …. (2001) that guarantees nonemptiness of the core in more general models. As it turns out, the top coalition property implies … induced hedonic game satisfies the top coalition property. -- Coalition formation ; Core ; Paradox of smaller coalitions …
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Howard (1992) argues that the Nash bargaining solution is not Nash implementable, as it does not satisfy Maskin monotonicity. His arguments can be extended to other bargaining solutions as well. However, by defining a social choice correspondence that is based on the solution rather than on its...
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In this paper we address several issues related to collective dichotomous decision-making by means of quaternary voting rules, i.e., when voters may choose between four actions: voting yes, voting no, abstaining and not turning up-which are aggregated by a voting rule into a dichotomous...
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A voting situation is given by a set of voters and the rules of legislation that determine minimal requirements for a group of voters to pass a motion. A priori measures of voting power, such as the Shapley-Shubik index and the Banzhaf value, show the influence of the individual players in a...
Persistent link: https://www.econbiz.de/10009546873
A common real-life problem is to fairly allocate a number of indivisible objects and a fixed amount of money among a group of agents. Fairness requires that each agent weakly prefers his consumption bundle to any other agent's bundle. In this context, fairness is incompatible with budget-balance...
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cost within jurisdiction. We show that these two principles always yield a core-stable partition but a Nash stable …
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