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We introduce the sequential equal surplus division for sharing the total welfare resulting form the cooperation of agents along a river with a delta. This allocation rule can be seen as a generalization of the contribution vectors introduced by Ju, Borm and Ruys (2007) in the context of...
Persistent link: https://www.econbiz.de/10015231038
For any transferable utility game in coalitional form with a 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 at most n-1, where n is the number of players. This bound exploits the geometry of the core and...
Persistent link: https://www.econbiz.de/10015232174
We introduce new axioms for the class of all TU-games with a fixed but arbitrary player set, which require either invariance of an allocation rule or invariance of the payoff assigned by an allocation rule to a specified subset of players in two related TU-games. Comparisons with other axioms...
Persistent link: https://www.econbiz.de/10015233973
We study the solution concepts of partial cooperative Cournot-Nash equilibria and partial cooperative Stackelberg equilibria. The partial cooperative Cournot-Nash equilibrium is axiomatically characterized by using notions of rationality, consistency and converse consistency with regard to...
Persistent link: https://www.econbiz.de/10010369419
A new model of strategic networking is developed and analyzed, where an agent's investment in links is nonspecific. The model comprises a large class of games which are both potential and super- or submodular games. We obtain comparative statics results for Nash equilibria with respect to...
Persistent link: https://www.econbiz.de/10010369430
We study strategic games where players' preferences are weak orders which need not admit utility representations. First of all, we ex- tend Voorneveld's concept of best-response potential from cardinal to ordi- nal games and derive the analogue of his characterization result: An ordi- nal game...
Persistent link: https://www.econbiz.de/10011753138
Persistent link: https://www.econbiz.de/10014612289
L’objet de cet article est d’éclairer les rapports qu’entretiennent le droit naturel et l’économie dans la pensée de F. Bastiat. On montre que le statut de la raison humaine occupe une place centrale dans cette articulation. On met également en évidence les tensions entre le mécanisme...
Persistent link: https://www.econbiz.de/10014612518
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