Showing 1 - 10 of 13,657
The measurement and the allocation of risk are fundamental problems of portfolio management. Coherent measures of risk …
Persistent link: https://www.econbiz.de/10003551804
Using network control structures this paper introduces network communication games as a generalization of vertex games and edge games corresponding to communication situations and studies their decomposition into unanimity games. We obtain a relation between the dividends of the network...
Persistent link: https://www.econbiz.de/10013010479
We study the Shapley wage function, a wage scheme in which a worker's pay depends both on the number of hours worked and on the output of the firm. We then provide a way to measure the distance of an arbitrary wage scheme to this function in limited datasets. In particular, for a fixed...
Persistent link: https://www.econbiz.de/10012983740
In a river claims problem, agents are ordered linearly, and they have both an initial water endowment as well as a claim to the total water resource. We provide characterizations of two solutions to this problem, using Composition properties which have particularly relevant interpretations for...
Persistent link: https://www.econbiz.de/10010226544
game theory to assess the economics of transboundary river water allocation in a simple model of river sharing. This model …
Persistent link: https://www.econbiz.de/10010412473
We suggest that the propensity for altruistic punishment and reward is an emergent property that has co-evolved with cooperation and has provided efficient feedback measured in social dilemma and public good experiments. A simple cost/benefit analysis at the level of single agents, who...
Persistent link: https://www.econbiz.de/10012731195
This paper studies egalitarianism in the context of nontransferable utility games by introducing and analyzing the egalitarian value. This new solution concept is based on an egalitarian negotiation procedure in which egalitarian opportunities of coalitions are explicitly taken into account. We...
Persistent link: https://www.econbiz.de/10012957744
We study resource-monotonicity properties of core allocations in co-investment problems: those where a set of agents pool their endowments of a certain resource or input in order to obtain a joint surplus or output that must be allocated among the agents. We analyze whether agents have...
Persistent link: https://www.econbiz.de/10012941020
We study the formation of coalitions that provide public goods to members. Individuals are linked on a tree graph and those with similar preferences are connected on the tree. We present a well-defined solution that selects envy-free allocations from the core
Persistent link: https://www.econbiz.de/10012942058
Recent work highlights that cooperation in the one-shot Prisoner's dilemma (PD) is primarily driven by moral preferences for doing the right thing, rather than social preferences for equity or efficiency. By contrast, little is known on what motivates cooperation in the Stag-Hunt Game (SHG)....
Persistent link: https://www.econbiz.de/10012864968