Showing 91 - 100 of 155
We replace the axiom of fairness used in the characterization of the Myerson value (Myerson, 1977) by fairness for neighbors in order to characterize the component-wise egalitarian solution. When a link is broken, fairness states the two players incident to the link should be affected similarly...
Persistent link: https://www.econbiz.de/10009650036
For any transferable utility game in coalitional form with nonempty core, we show that that the number of blocks required to switch from an imputation out of the core to an imputation in the core is less than or equal to n(n-1)/2, where n is the cardinality of the player set. This number...
Persistent link: https://www.econbiz.de/10008694029
This article studies values for cooperative games with transferable utility. Numerous such values can be characterized by axioms of associated consistency, which require that a value is invariant under some parametrized linear transformation on the vector space of cooperative games with...
Persistent link: https://www.econbiz.de/10011227973
Van Damme and Weibull (1998, 2002) model the noise in games as endogenously determined tremble probabilities, by assuming that with some effort players can control the probability of implementing the intended strategy. Following their methodology, we derive logit-like adjustment rules for games...
Persistent link: https://www.econbiz.de/10010845491
Persistent link: https://www.econbiz.de/10005937690
Persistent link: https://www.econbiz.de/10008349062
Persistent link: https://www.econbiz.de/10008215582
Persistent link: https://www.econbiz.de/10007659286
Persistent link: https://www.econbiz.de/10010018229
Persistent link: https://www.econbiz.de/10010115437