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the externalities involved, as well as with where the source of cooperation lies in cooperative game theory. In either … on the nature of the gamma core in general are given as well as of the Chander-Tulkens solution within the gamma core …
Persistent link: https://www.econbiz.de/10012709839
average approach provided by Macho-Stadler et al. (J Econ Theory 135:339-356, 2007). -- externalities ; marginal contributions … of the marginal contributions for environments with externalities. The dummy property related to it is defined. We adapt … theory of games II. Princeton University Press, Princeton, pp 307317, 1953) to characterize our value. In addition, we …
Persistent link: https://www.econbiz.de/10009355896
This paper provides a framework for implementing and comparing several solution concepts for transferable utility cooperative games. We construct bidding mechanisms where players bid for the role of the proposer. The mechanisms differ in the power awarded to the proposer. The Shapley, consensus...
Persistent link: https://www.econbiz.de/10012731745
stability notions, the Core and the Myopic Stable Set. Both competitive and egalitarian societies lead to segregated partition …
Persistent link: https://www.econbiz.de/10012896560
One of the long-debated issues in coalitional game theory is how to extend the Shapley value to games with … externalities. In particular, when externalities occur, a direct translation of Shapley's axioms does not imply a unique value. In … contributions), translated to games with externalities using the proper definition of the alpha-parametrized marginal contribution …
Persistent link: https://www.econbiz.de/10013077721
externalities. To capture the features of inter-individual externalities, this paper constructs a new game-theoretic framework …
Persistent link: https://www.econbiz.de/10014063849
potential partners but also over what other matches occur. Once such externalities are considered, the set of stable matchings …
Persistent link: https://www.econbiz.de/10014067988
In the absence of externalities, marginality is equivalent to an independence property that rests on Harsanyi … and independence for games with externalities. We measure a player‘s contribution in an embedded coalition by the change …. The introduced method also allows us to investigate egalitarian solutions and to reveal how accounting for externalities …
Persistent link: https://www.econbiz.de/10012010357
required to internalize global environmental externalities. Therefore we adopt a dynamic framework of two economies (i … international environmental externalities - both are empirically significant. Starting from noncooperation we investigate the …
Persistent link: https://www.econbiz.de/10010485437
We study coalitional stability in matching problems with externalities, including marriage markets, roommate problems … deviation, the social connectedness of those that can react to it, and the incidence of externalities in preferences. At the …
Persistent link: https://www.econbiz.de/10013313691