Showing 1 - 10 of 514
We study the behaviour of the extreme points of the core of a game in front of the reduction of the game and prove that the extreme core points have the reduced game property but not the converse reduced game property. Nevertheless we give some sufficient conditions on an extreme point of the...
Persistent link: https://www.econbiz.de/10005022366
In the assignment game framework, we try to identify those assignment matrices in which no entry can be increased without changing the core of the game. These games will be called buyerseller exact games and satisfy the condition that each mixedpair coalition attains the corresponding matrix...
Persistent link: https://www.econbiz.de/10005138825
The set of optimal matchings in the assignment matrix allows to define a reflexive and symmetric binary relation on each side of the market, the equal-partner binary relation. The number of equivalence classes of the transitive closure of the equal-partner binary relation determines the...
Persistent link: https://www.econbiz.de/10005176415
Although assignment games are hardly ever convex, in this paper a characterization of their set or extreme points of the core is provided, which is also valid for the class of convex games. For each ordering in the player set, a payoff vector is defined where each player receives his marginal...
Persistent link: https://www.econbiz.de/10005176428
Singlevalued solutions for the case of twosided market games without product differentiation, also known as B ohmBawerk horse market games, are analyzed. The nucleolus is proved to coincide with the value, and is thus the midpoint of the core. Moreover a characterization of this set of games in...
Persistent link: https://www.econbiz.de/10005600429
There exist coalitional games with transferable utility which have the same core but different nucleoli. We show that this cannot happen in the case of assignment games. Whenever two assignment games have the same core, their nucleoli also coincide. To show this, we prove that the nucleolus of...
Persistent link: https://www.econbiz.de/10005022346
In the context of cooperative TU-games, and given an order of players, we consider the problem of distributing the worth of the grand coalition as a sequential decision problem. In each step of the process, upper and lower bounds for the payoff of the players are required related to successive...
Persistent link: https://www.econbiz.de/10005022314
A new class of games called Financial games is defined. These games are market games and it is showed that they are a generalization of Bankruptcy games. The algebraic structure of this class of games is studied and necessary conditions for a game to be financial are stated. The proportional...
Persistent link: https://www.econbiz.de/10005022388
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
We show that any cooperative TU game is the maximum of a finite collection of convex games. This max-convex decomposition can be refined by using convex games with nonnegative dividends for all coalitions of at least two players. As a consequence of the above results we show that the class of...
Persistent link: https://www.econbiz.de/10005138819