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We provide new characterization results for the value of games in partition function form. In particular, we use the potential of a game to define the value. We also provide a characterization of the class of values which satises one form of reduced game consistency.
Persistent link: https://www.econbiz.de/10005034665
We provide new characterization results for the value of games in partition function form. In particular, we use the potential of a game to dene the value. We also provide a characterization of the class of values which satises one form of reduced game consistency.
Persistent link: https://www.econbiz.de/10005729776
We provide new characterization results for the value of games in partition function form. In particular, we use the potential of a game to define the value. We also provide a characterization of the class of values which satisfies one form of reduced game consistency.
Persistent link: https://www.econbiz.de/10008617072
Persistent link: https://www.econbiz.de/10003726433
We propose a new cost allocation rule for minimum cost Spanning tree games. The new rule is a core selection and also satisfices cost monotonicity. We also give charqcterization theorems for the new rule as well as the much-studied Bird allocation. We show that the principal difference between...
Persistent link: https://www.econbiz.de/10004979323
We propose a new cost allocation rule for minimum cost spanning tree games. The new rule is a core selection and also satis…es cost monotonicity. We also give characterization theorems for the new rule as well as the much-studied Bird allocation. We show that the principal di¤erence between...
Persistent link: https://www.econbiz.de/10005368702
Persistent link: https://www.econbiz.de/10001636335
Persistent link: https://www.econbiz.de/10003746327
We report results from two different settings of a 3-player ultimatum game. Under the monocratic rule, a player is randomly selected to make an offer to two receivers. Under the democratic rule, all three players make a proposal, and one proposal is then extracted. A majority vote is required to...
Persistent link: https://www.econbiz.de/10015217552
We view achieving a particular correlated equilibrium distribution for a normal form game as an implementation problem. We show, using a parametric version of the two-person Chicken game and a wide class of correlated equilibrium distributions, that a social choice function that chooses a...
Persistent link: https://www.econbiz.de/10010318905