Showing 611 - 620 of 632
In this paper we study hedonic games where each player views every other player either as a friend or as an enemy.Two simple priority criteria for comparison of coalitions are suggested, and the corresponding preference restrictions based on appreciation of friends and aversion to enemies are...
Persistent link: https://www.econbiz.de/10011092071
Preferences of a set of n individuals over a set of alternatives can be represented by a preference profile being an n-tuple of preference relations over these alternatives.A social choice correspondence assigns to every preference profile a subset of alternatives that can be viewed as the `most...
Persistent link: https://www.econbiz.de/10011092117
This paper revisits the Alexia value, a recent solution concept for cooperative transferable utility games. We introduce the dual Alexia value and show that it coincides with the Alexia value for several classes of games. We demonstrate the importance of the notion of compromise stability for...
Persistent link: https://www.econbiz.de/10011092221
This paper analyzes network problems with congestion effects from a cooperative game theoretic perspective.It is shown that for network problems with convex congestion costs, the corresponding games have a non-empty core.If congestion costs are concave, then the corresponding game has not...
Persistent link: https://www.econbiz.de/10011092232
This paper considers a refinement of equilibria for multicriteria games based on the perfectness concept of Selten (1975). Existence of perfect equilibrium points is shown and several characterizations are provided. Furthermore, contrary to the result for equilibria for multicriteria games, an...
Persistent link: https://www.econbiz.de/10011092242
The concede-and-divide rule is a basic solution for bankruptcy problems with two claimants.An extension of the concede-and-divide rule to bankruptcy problems with more than two claimants is provided.This extension not only uses the concede-and-divide principle in its procedural definition, but...
Persistent link: https://www.econbiz.de/10011092300
This paper surveys the research area of cooperative games associated with several types of operations research problems in which various decision makers (players) are involved.Cooperating players not only face a joint optimisation problem in trying, e.g., to minimise total joint costs, but also...
Persistent link: https://www.econbiz.de/10011092392
Abstract: This paper introduces liability problems, as a generalization of bankruptcy problems, where every agent not only owns a certain amount of cash money, but also has outstanding claims and debts towards the other agents. Assuming that the agents want to cash their claims, we will analyze...
Persistent link: https://www.econbiz.de/10011092441
The classical literature (Pigou (1920), Coase (1960), Arrow (1970)) and the relatively recent studies (cf.Varian (1994)) associate the externality problem with efficiency.This paper focuses explicitly on the compensation problem in the context of externalities.To capture the features of...
Persistent link: https://www.econbiz.de/10011092522
AMS classification: 90D12.
Persistent link: https://www.econbiz.de/10011092528