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We propose the "average approach," where the worth of a coalition is a weighted average of its worth for different partitions of the players' set, as a unifying method to extend values for characteristic function form games. Our method allows us to extend the equal division value, the equal...
Persistent link: https://www.econbiz.de/10011509414
This paper studies the relation between optimal dam capacity and water management under rivalry uses and externalities …-linear building cost of dam capacity and externalities in a welfare optimization model. We obtain the optimal dam capacity for multi …
Persistent link: https://www.econbiz.de/10010421750
We delineate the various ways in which rights to environmental and other resources can be assigned to individuals or groups. We then examine models of individual and group interactions, drawing out their implications for the ways in which resources will be utilized and managed under various...
Persistent link: https://www.econbiz.de/10014023942
We introduce externalities into a two-sided, one-to-one assignment game by letting the values generated by pairs depend … that a stable outcome in an assignment game with externalities always exists if and only if all pairs are pessimistic …
Persistent link: https://www.econbiz.de/10013208655
This paper studies the relation between optimal dam capacity and water management under rivalry uses and externalities …-linear building cost of dam capacity and externalities in a welfare optimization model. We obtain the optimal dam capacity for multi …
Persistent link: https://www.econbiz.de/10010491378
of the marginal contributions for environments with externalities. The dummy property related to it is defined. We adapt …
Persistent link: https://www.econbiz.de/10010317092
We propose the “average approach,” where the worth of a coalition is a weighted average of its worth for different partitions of the players’ set, as a unifying method to extend values for characteristic function form games. Our method allows us to extend the equal division value, the...
Persistent link: https://www.econbiz.de/10011522502
We consider environments in which agents can cooperate on multiple issues and externalities are present both within and … across issues. We propose a way to extend (Shapley) values that have been put forward to deal with externalities within … issues to games where there are externalities within and across issues. We characterize our proposal through axioms that …
Persistent link: https://www.econbiz.de/10010547233
We consider environments in which agents can cooperate on multiple issues and externalities are present both within and … across issues. We propose a way to extend (Shapley) values that have been put forward to deal with externalities within … issues to games where there are externalities within and across issues. We characterize our proposal through axioms that …
Persistent link: https://www.econbiz.de/10009278197
Economic activities, both on the macro and micro level, often entail wide-spread externalities. This in turn leads to … deciding upon the distribution of the gains (costs) of cooperation in the presence of externalities. This method is shown to be …
Persistent link: https://www.econbiz.de/10005823913