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cooperative game with transferable utility, or simply a TU-game. A (single-valued) solution for TU-games assigns a payoff … distribution to every TU-game. A well-known solution is the Shapley value. In the literature various models of games with … solutions or rules for these games that generalize the Shapley value: one is obtained as the conjunctive permission value using …
Persistent link: https://www.econbiz.de/10004964460
Three well-known solutions for cooperative TU-games are the Shapley value, the Banzhaf value and the equal division …
Persistent link: https://www.econbiz.de/10004964462
We adopt the notion of von Neumann-Morgenstern farsightedly stable sets to predict which matchings are possibly stable when agents are farsighted in one-to-one matching problems. We provide the characterization of von Neumann-Morgenstern farsightedly stable sets: a set of matchings is a von...
Persistent link: https://www.econbiz.de/10004965189
We consider a model of the “world" with several regions that may create a unified entity or be partitioned into several unions (countries). The regions have distinct preferences over policies chosen in the country to which they belong and equally share the cost of public policies. It is known...
Persistent link: https://www.econbiz.de/10004965210
payoff bounds (Selten 1987) for zero-normalized three-person games in characteristic function form is presented and its …). The theory of the negotiation agreement area (Kuon and Uhlich 1993) for two-person characteristic function games with non … relevance of the minimal core for cooperatively played 3x3x3-games (Ostmann 1988) Finally, results of a strategy study on a …
Persistent link: https://www.econbiz.de/10004968251
We report on a two-person bargaining experiment, where both players were represented by groups of three persons each. The discussions within the groups were recorded on video tapes and have been transcribed into text protocols. Analyzing the final payoffs and proposals we got several results...
Persistent link: https://www.econbiz.de/10004968306
Das fundamentale Werk von John von Neumann und Oskar Morgenstern (1944) hat die Spieltheorie als Gebiet begründet. Es gab zwar vorher schon den in deutscher Sprache veröffentlichen Beitrag von John Neumann (1928) " Zur Theorie der Gesellschaftsspiele", aber erst mit dem Buch aus dem Jahre 1944...
Persistent link: https://www.econbiz.de/10004968430
The main contribution of the paper is to provide a weaker nonsatiation assumption than the one commonly used in the literature to ensure the existence of competitive equilibrium. Our assumption allows for satiation points in the set of individually feasible consumptions, provided that the...
Persistent link: https://www.econbiz.de/10004968669
We analyse the interaction of asymmetric industries in international vertically related markets. Each downstream firm bargains efficiently with its domestic supplier in a first stage and with the foreign supplier in a second stage. The asymmetry in upstream costs leads to inter-industry trade....
Persistent link: https://www.econbiz.de/10005789162
Lignite price negotiation between opencast mine and power plant as a two-stage, two-person, cooperative, non-zero sum game. Based on the simple model of the lignite deposit the methodology of finding the optimal solution for bilateral monopoly (BM) of lignite mine and power plant is shown taking...
Persistent link: https://www.econbiz.de/10005789284