We implement a family of efficient proposals to share benefits generated in environments with externalities. These … proposals extend the Shapley value to games with externalities and are parametrized through the method by which the … externalities are averaged. We construct two slightly different mechanisms: one for environments with negative externalities and the …

We implement a family of efficient proposals to share benefits generated in environments with externalities. These … proposals extend the Shapley value to games with externalities and are parametrized through the method by which the … externalities are averaged. We construct two slightly different mechanisms: one for environments with negative externalities and the …

externalities. Within this framework we propose a new value that extends the Shapley value to partition function form games, the so …-called Rational Belief Shapley (RBS) value. We investigate the strategic foundation of the RBS value by constructing an implementation … form coalitions. The same framework of bidding and renegotiation allows for natural variations of the RBS-mechanism. In …

This paper studies the relation between optimal dam capacity and water management under rivalry uses and externalities …-linear building cost of dam capacity and externalities in a welfare optimization model. We obtain the optimal dam capacity for multi …

We consider cooperative environments with externalities (games in partition function form) and provide a recursive … from equal division of dividends and finally, for each such value, provide a bidding mechanism implementing it. …

To model inter-individual externalities and analyze the associated compensation issue, Ju and Borm (2005) introduces a … provide a non-cooperative approach to address these problems more specifically. Inspired by the generalized bidding approach … (Ju and Wettstein (2006)) for TU games, we design various bidding mechanisms to fit the model of primeval games and show …

cooperative games.We construct bidding mechanisms where players bid for the role of the proposer. The mechanisms differ in the …

cooperative games.We construct bidding mechanisms where players bid for the role of the proposer.The mechanisms differ in the …