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Persistent link: https://www.econbiz.de/10010250257
The topic is two-fold. First, we prove the convexity of Owen's Airport Profit Game (inclusive of revenues and costs). As an adjunct, we characterize the class of 1-convex Airport Profit Games by equivalent properties of the corresponding cost function. Second, we classify the class of 1-convex...
Persistent link: https://www.econbiz.de/10010883234
The paper deals with the subclass of k-convex n-person transferable utility games which have clear affinities to the well-known convex TU-games. Five new characterizations of a k-convex n-person TU-game are presented in terms of: (1) the unanimity coordinates of TU-game with respect to the...
Persistent link: https://www.econbiz.de/10005138816