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Recently, applications of cooperative game theory to economic allocation problems have gained popularity. In many of …
Persistent link: https://www.econbiz.de/10010532576
game-theory, we propose a payoff scheme based on marginal contributions that explicitly accounts for the statistical …
Persistent link: https://www.econbiz.de/10011457022
The value is a solution concept for n-person strategic games, developed by Nash, Shapley, and Harsanyi. The value of a game is an a priori evaluation of the economic worth of the position of each player, reflecting the players' strategic possibilities, including their ability to make threats...
Persistent link: https://www.econbiz.de/10012806287
solution builds upon earlier concepts in game theory. It coincides with the von Neumann minmax value on the class of zero sum … decomposition of every game into cooperative and competitive components, which is easy to compute. -- cooperative game theory ; non …- cooperative game theory ; bargaining ; min-max value …
Persistent link: https://www.econbiz.de/10008665710
Recently, applications of cooperative game theory to economic allocation problems have gained popularity. In many such …
Persistent link: https://www.econbiz.de/10011378242
Three well-known solutions for cooperative TU-games are the Shapley value, the Banzhaf value and the equal division solution. In the literature various axiomatizations of these solutions can be found. Axiomatizations of the Shapley value often use efficiency which is not satisfied by the Banzhaf...
Persistent link: https://www.econbiz.de/10011378796
A situation in which a finite set of players can generate certain payoffs by cooperation can be described by a cooperative game with transferable utility. A solution for TU-games assigns to every TU-game a distribution of the payoffs that can be earned over the individual players. Two well-known...
Persistent link: https://www.econbiz.de/10011342569
A cooperative game with transferable utilities, or simply aTU-game, describes a situation in which players can obtain certainpayoffs by cooperation. A solution mapping for these games is amapping which assigns to every game a set of payoff distributionsover the players in the game. Well-known...
Persistent link: https://www.econbiz.de/10011313932
Agents participating in different kind of organizations, usually take different positions in some relational structure. The aim of this paper is to introduce a new framework taking into account both communication and hierachical features derived from this participation. In fact, this new set or...
Persistent link: https://www.econbiz.de/10010227326
Complementary to the axiomatic and mechanism design studies on queueing problems, this paper proposes a strategic bargaining approach to resolve queueing conflicts. Given a situation where players with different waiting costs have to form a queue in order to be served, they firstly compete with...
Persistent link: https://www.econbiz.de/10010238945