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This chapter studies the theory of value of games with infinitely many players.Games with infinitely many players are …-handed influence. The interactions are modeled as cooperative games with a continuum of players. In general, the continuum consists of … framework for mathematical analysis, and approximates the results for large finite games well. Also, it enables a unified view …
Persistent link: https://www.econbiz.de/10014024489
models of communication and hierarchy restrictions in cooperative games, compare different network structures with each other … illustrate these network structures by applying them to cooperative games with restricted cooperation. …
Persistent link: https://www.econbiz.de/10012434059
portfolio by studying transferable utility cooperative games: risk allocation games. We show that the class of risk allocation … games coincides with the class of totally balanced games. As a limit case the aggregate portfolio can have the same payoff … in all states of nature. We prove that the class of risk allocation games with no aggregate uncertainty coincides with …
Persistent link: https://www.econbiz.de/10010494358
We introduce the concept of a TUU-game, a transferable utility game with uncertainty. In a TUU-game there is uncertainty regarding the payoffs of coalitions. One out of a finite number of states of nature materializes and conditional on the state, the players are involved in a particular...
Persistent link: https://www.econbiz.de/10010494469
We introduce a theory on marginal values and their core stability for cooperative games with arbitrary coalition …
Persistent link: https://www.econbiz.de/10014175740
We study transferable utility games with limited cooperation between the agents. The focus is on communication … of all those marginal vectors and the solution. An axiomatization of the solution on the class of circular graph games is …
Persistent link: https://www.econbiz.de/10014177966
We study the relation between the fuzzy core and balancedness for fuzzy games. For regular games, this relation has … satisfies all (fuzzy) balanced inequalities. We also consider deposit games to illustrate the use of the main result …
Persistent link: https://www.econbiz.de/10014181648
The core cover of a TU-game is a superset of the core and equals the convex hull of its larginal vectors. A larginal vector corresponds to an order of the players and describes the efficient payoff vector giving the first players in the order their utopia demand as long as it is still possible...
Persistent link: https://www.econbiz.de/10014181798
We consider the problem of axiomatizing the Shapley value on the class of assignment games. We first show that several … axiomatizations of the Shapley value on the class of all TU-games do not characterize this solution on the class of assignment games … on the class of assignment games. Moreover, these two axioms have a natural interpretation for assignment games …
Persistent link: https://www.econbiz.de/10014040150
In this paper we provide new axiomatizations of the Shapley value for TU-games using axioms that are based on …
Persistent link: https://www.econbiz.de/10014041073