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-convexity, under which the game is shown to have a non-empty core and the average tree solution lies in the core. In general, link …
Persistent link: https://www.econbiz.de/10010325870
allowing all its members to get the service that generates the revenues. We focus on the study of the core of cost … consideration to all its members, it is shown that a cost-revenue game has a non-empty core for any vector of revenues if, and only … if, the dual game of the cost game has a large core. Using this result, we investigate minimum cost spanning tree games …
Persistent link: https://www.econbiz.de/10010326323
coalitions also their union is feasible. Properties of solutions (the core, the nucleolus, the prekernel and the Shapley value …
Persistent link: https://www.econbiz.de/10011383187
This paper investigates core stability of cooperative, TU games via a fuzzy extension of the totally balanced cover of … a TU game. The stability of the core of the fuzzy extension of a game, the concave extension, is shown to reflect the … core stability of the original game and vice versa. Stability of the core is then shown to be equivalent to the existence …
Persistent link: https://www.econbiz.de/10010272595
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 …
Persistent link: https://www.econbiz.de/10003731198
This paper investigates core stability of cooperative, TU games via a fuzzy extension of the totally balanced cover of … a TU game. The stability of the core of the fuzzy extension of a game, the concave extension, is shown to reflect the … core stability of the original game and vice versa. Stability of the core is then shown to be equivalent to the existence …
Persistent link: https://www.econbiz.de/10003818206
This paper studies the core of combined games, obtained by summing two coalitional games. It is shown that the set of … core of the combined game coincides with the sum of the cores of its components. On the other hand, for non-balanced games …, the binary relation associating two component games whose combination has an empty core is not transitive. However, we …
Persistent link: https://www.econbiz.de/10003897554
, the set of Walrasian payoff vectors of the induced coalition production economy coincides with the core of the balanced …-jobbing. -- Coalition production economy ; transferable utility game ; core ; Walrasian equilibrium ; Walrasian equilibrium without double …
Persistent link: https://www.econbiz.de/10003964864
We offer a new approach to the well-known bankruptcy problem based on Kaminski's idea. With the help of hydraulic rationing we give a proof to Aumann and Maschlers theorem i.e. the consistent solution of a bankruptcy problem is the nucleolus of the corresponding game. We use a system of vessels...
Persistent link: https://www.econbiz.de/10009152568
commitment possibilities and propose the Weak Sequential Core as a solution concept. We characterize the Weak Sequential Core and … Core …
Persistent link: https://www.econbiz.de/10009152573