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We present a multistage stochastic procedure that produces a fair allocation of a cake among n-person. In each step players observe the collection of the random offers (x1, …, xn), where x1 + ⋯ + xn = 1. As the proposal emerged players have to make a decision to accept it or reject it. The...
Persistent link: https://www.econbiz.de/10011011321
In this paper, we deal with situations arising from markets where an Internet search service provider offers a service of listing firms in decreasing order according to what they have bid. We call these ranking auction situations and introduce the corresponding TU-games. The core, as well as the...
Persistent link: https://www.econbiz.de/10011011322
We study games in which the number of players are large, and hence outcomes are independent of the identities of the players. Game models typically study how choices made by individual rational players determine game outcomes. We extend this model to include an implicit player — the society,...
Persistent link: https://www.econbiz.de/10011011323
This paper studies situations in which companies can cooperate in order to decrease the earliest completion time of a project that consists of several tasks. This is beneficial for the client who wants the project to be completed as early as possible. The client is willing to pay more for an...
Persistent link: https://www.econbiz.de/10011011324
In cooperative stochastic dynamic games a stringent condition — subgame consistency — is required for a dynamically stable solution. A cooperative solution is subgame consistent if an extension of the solution policy to a situation with a later starting time and any feasible state brought...
Persistent link: https://www.econbiz.de/10011011325
In this note, we give a straightforward and elementary proof of a theorem by Aumann and Maschler stating that in the well-known bankruptcy problem, the so-called CG-consistent solution described by the Talmud represents the nucleolus of the corresponding coalitional game. The proof nicely fits...
Persistent link: https://www.econbiz.de/10011011326
We propose a theory of the interaction between knowledge and games. Epistemic game theory is of course a well-developed subject but there is also a need for a theory of how some agents can affect the outcome of a game by affecting the knowledge which other agents have and thereby affecting their...
Persistent link: https://www.econbiz.de/10011011327
A linear-quadratic zero-sum singular differential game, where the cost functional does not contain the minimizer's control cost, is considered. Due to the singularity, the game cannot be solved either by applying the MinMax principle of Isaacs, or by using the Bellman–Isaacs equation method....
Persistent link: https://www.econbiz.de/10011011328
No abstract received.
Persistent link: https://www.econbiz.de/10011011329
In this paper we study and compute E-points in an explicit way for a special general kind of 3k + 1 and 3k + 2 players.
Persistent link: https://www.econbiz.de/10011011330