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are currently employed/unemployed. We show that such a process is absorbed into the core with probability one in finite … time. Moreover, within the core, allocations are selected that are characterized by surplus splitting according to a …
Persistent link: https://www.econbiz.de/10011453256
are currently employed/unemployed. We show that such a process is absorbed into the core with probability one in finite … time. Moreover, within the core, allocations are selected that are characterized by surplus splitting according to a …
Persistent link: https://www.econbiz.de/10011709879
core. In this paper we generalize this result by distinguishing equivalence classes of balanced games that share the same … core structure. We then associate a system of linear inequalities with each equivalence class, and we show that the system … of TU games on which the core correspondence is additive (even linear). For the case of convex games we prove that the …
Persistent link: https://www.econbiz.de/10010281187
The nucleolus offers a desirable payoff-sharing solution in cooperative games, thanks to its attractive properties. Although computing the nucleolus is very challenging, the Kohlberg criterion offers a method for verifying whether a solution is the nucleolus in relatively small games (number of...
Persistent link: https://www.econbiz.de/10012226689
A large theoretical literature on value capture following Brandenburger and Stuart Jr. (1996) uses cooperative games under complete information to study how and why firms earn supernormal profits. However, firms often have different information, beliefs, or creative foresight. We extend value...
Persistent link: https://www.econbiz.de/10012101420
Persistent link: https://www.econbiz.de/10010878377
.  We propose a completely uncoupled learning process that selects a subset of the core of the game with a natural equity …
Persistent link: https://www.econbiz.de/10011004342
two sides. A symmetrically multilateral-bargained (SMB) allocation is a core allocation such that any agent is in … kernel-based set that, together with the core, characterizes the set of SMB. …
Persistent link: https://www.econbiz.de/10005022339
We study the behaviour of the extreme points of the core of a game in front of the reduction of the game and prove that … the extreme core points have the reduced game property but not the converse reduced game property. Nevertheless we give … some sufficient conditions on an extreme point of the core of a reduced game to extend to an extreme core point of the …
Persistent link: https://www.econbiz.de/10005022366
Persistent link: https://www.econbiz.de/10009292855