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The equivalence of markets and games concerns the relationship between two sorts of structures that appear … fundamentally different -- markets and games. Shapley and Shubik (1969) demonstrates that: (1) games derived from markets with … concave utility functions generate totally balanced games where the players in the game are the participants in the economy …
Persistent link: https://www.econbiz.de/10009328147
The equivalence of markets and games concerns the relationship between two sorts of structures that appear … fundamentally different -- markets and games. Shapley and Shubik (1969) demonstrates that: (1) games derived from markets with … concave utility functions generate totally balanced games where the players in the game are the participants in the economy …
Persistent link: https://www.econbiz.de/10008624634
Many economic organizations have some relational structure, meaning that economic agents do not only differ with respect to certain individual characteristics such as wealth and preferences, but also belong to some relational structure in which they usually take different positions. Two examples...
Persistent link: https://www.econbiz.de/10010325156
the first models where restrictions in cooperation are considered is the one of games with coalition structure. In such … games the player set is partitioned into unions and players can only cooperate within their own union. Owen introduced a … value for games with coalition structure under the assumption that also the unions can cooperate among them. Winter extended …
Persistent link: https://www.econbiz.de/10010326205
-revenue games. Under the assumption that cooperation among the members of the grand coalition grants the use of the service under … 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
Swarnajayanti Gram Swarozgar Yojana (SGSY) is a government-sponsored microfinance program. The scheme is based on four features: group lending with joint liability, progressive lending, back-ended subsidy, and social capital. We propose a new model of SGSY having these features: group lending...
Persistent link: https://www.econbiz.de/10011559127
In this paper we introduce two values for cooperative games with communication graph structure. For cooperative games … between players is restricted. Existing values for communication graph games as the Myerson value and the average tree … centrality and the communication ability of each player. That implies that in unanimity games players that do not generate worth …
Persistent link: https://www.econbiz.de/10011586685
We propose and characterize weighted-egalitarian values for cooperative transferable utility games. Each weighted …
Persistent link: https://www.econbiz.de/10014547733
We generalize two well-known game-theoretic models by introducing multiple partners matching games, defined by a graph … solution. Previously this result was only known for multiple partners assignment games, which correspond to the case where G is …
Persistent link: https://www.econbiz.de/10011444411
-firm-buyer games have non-empty core. We show that for these games the core coincides with the classical bargaining set (Davis and …
Persistent link: https://www.econbiz.de/10012290252