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Recently, applications of cooperative game theory to economic allocation problems have gained popularity. In many of these problems, players are organized according to either a hierarchical structure or a levels structure that restrict players ́possibilities to cooperate. In this paper, we...
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This discussion paper resulted in a publication in 'Mathematical Methods of Operations Research', 2013, 77, 1-14.<P> In this paper we provide new axiomatizations of the Shapley value for TU-games using axioms that are based on relational aspects in the interactions among players. Some of these...</p>
Persistent link: https://www.econbiz.de/10011255991
Recently, applications of cooperative game theory to economicallocation problems have gained popularity. To understandthese applications better, economic theory studies thesimilarities and differences between them. The purpose of thispaper is to investigate a special class of cooperative...
Persistent link: https://www.econbiz.de/10011257395
A situation in which a finite set of players can obtain certain payoffs by cooperation can be described by a cooperative game with transferable utility, or simply a TU-game. A solution for TU-games assigns a set of payoff vectors to every TU-game. Some solutions that are based on distributing...
Persistent link: https://www.econbiz.de/10011257497
This discussion paper led to a publication in <A href="http://www.springerlink.com/content/l87527762t620uj3/?MUD=MP">'Economic Theory'</A>, 47(1), 175-88.<p>A situation in which a finite set of players can obtain certain payoffs by cooperation can be described by a cooperative game with transferable utility, or simply a TU-game. A (single-valued) solution for TU-games...</p></a>
Persistent link: https://www.econbiz.de/10011257642
In this paper we provide new axiomatizations of the Shapley value for TU-games using axioms that are based on relational aspects in the interactions among players. Some of these relational aspects, in particular the economic or social interest of each player in cooperating with each other, can...
Persistent link: https://www.econbiz.de/10010759543
In this paper we provide new axiomatizations of the Shapley value for TU-games using axioms that are based on relational aspects in the interactions among players. Some of these relational aspects, in particular the economic or social interest of each player in cooperating with each other, can...
Persistent link: https://www.econbiz.de/10010999953
In this paper we provide an axiomatization of the Shapley value for TU- games using a fairness property. This property states that if to a game we add another game in which two players are symmetric then their payos change by the same amount. We show that the Shapley value is characterized by...
Persistent link: https://www.econbiz.de/10011091302
Persistent link: https://www.econbiz.de/10009149484