Showing 1 - 10 of 18
On several classes of n-person NTU games that have at least one Shapley NTU value, Aumann characterized this solution by six axioms: Non-emptiness, efficiency, unanimity, scale covariance, conditional additivity, and independence of irrelevant alternatives (IIA). Each of the first five axioms is...
Persistent link: https://www.econbiz.de/10009506430
Persistent link: https://www.econbiz.de/10011392256
Persistent link: https://www.econbiz.de/10010516482
Persistent link: https://www.econbiz.de/10008909821
Persistent link: https://www.econbiz.de/10010443005
We show that the Aumann-Davis-Maschler bargaining set and the Mas-Colell bargaining set of a non-leveled NTU game that is either ordinal convex or coalition merge convex coincides with the core of the game. Moreover, we show by means of an example that the foregoing statement may not be valid if...
Persistent link: https://www.econbiz.de/10013040545
Persistent link: https://www.econbiz.de/10008660604
The MC-value is introduced as a new single-valued solution concept for monotonic NTU-games. The MC-value is based on marginal vectors, which are extensions of the well-known marginal vectors for TU-games and hyperplane games. As a result of the definition it follows that the MC-value coincides...
Persistent link: https://www.econbiz.de/10014215853
Persistent link: https://www.econbiz.de/10000148224
Persistent link: https://www.econbiz.de/10002506285