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I consider cooperation situations where players have network relations. Networks evolve according to a stationary transition probability matrix and at each moment in time players receive payoffs from a stationary allocation rule. Players discount the future by a common factor. The pair formed by...
Persistent link: https://www.econbiz.de/10011183177
Herings et al. (2008) proposed a solution concept called the average tree solution for cycle-free graph games. We provide a characterization of the average tree solution for cycle-free graph games. The characteration underlines an important difference, in terms of symmetric treatment of agents,...
Persistent link: https://www.econbiz.de/10011092914
The Myerson's models on partial cooperation in cooperative games have been studied extensively by Borm, Owen, Tijs and Myerson. Hamiache proposes a new solution concept for the case in which the communication relations among players are modelled by means of an undirected graph. In this work, we...
Persistent link: https://www.econbiz.de/10005121296
We study values for transferable utility games enriched by a communication graph. The most well-known such values are component-efficient and characterized by some link-deletion property. We study efficient extensions of such values: for a given component-efficient value, we look for a value...
Persistent link: https://www.econbiz.de/10011196784
AMS classification: 90B18; 91A12; 91A43;
Persistent link: https://www.econbiz.de/10011090586
We study transferable utility games with limited cooperation between the agents. The focus is on communication structures where the set of agents forms a circle, so that the possibilities of cooperation are represented by the connected sets of nodes of an undirected circular graph. Agents are...
Persistent link: https://www.econbiz.de/10011090938
Abstract: A new solution is presented for transferable utility games with graph communication where the cooperation possibilities are represented by a graph. Players are only able to cooperate and obtain some worth in a coalition if they form a connected set in the given graph. To determine the...
Persistent link: https://www.econbiz.de/10011091726
For an arbitrary set system we show that there exists a unique minimal building set containing the set system. As solutions we take the solutions for this building covering by extending in a natural way the characteristic function to it.
Persistent link: https://www.econbiz.de/10011091838
We introduce a theory on marginal values and their core stability for cooperative games with arbitrary coalition structure. The theory is based on the notion of nested sets and the complex of nested sets associated to an arbitrary set system and the M-extension of a game for this set. For a set...
Persistent link: https://www.econbiz.de/10011092044
This paper takes an axiomatic approach to find rules for allocating the value of a network when the externalities generated across components are identifiable. Two new, and different, allocation rules are defined and characterized in this context. The first one is an extension of the...
Persistent link: https://www.econbiz.de/10004989567