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We present a simplified model of the evolution of a society which is regulated by a formal unanimity voting procedure. We examine several protocols, which depend on whether admission or expulsion are permissible, and on the order with which they are implemented. Conditions which ensure the...
Persistent link: https://www.econbiz.de/10005598424
We study fundamental properties of monotone network enterprises which contain public vertices and have positive and negative costs on edges and vertices. Among the properties studied are the nonemptiness of the core, characterization of nonredundant core constraints, ease of computation of the...
Persistent link: https://www.econbiz.de/10005598443
In different industries, such as automobiles, chemicals, or retailing, competitors are joining forces in establishing electronic marketplaces to reduce inefficiencies in the purchasing process and cut costs by combining their buying power. Joining such an alliance leads to reduced costs,...
Persistent link: https://www.econbiz.de/10009191507
Additional results are presented in this paper which further extend and modify the theory of cooperative games in characteristic function form so as to encompass situations where the values of the coalitions are random variables with given distribution functions. We reintroduce the prior...
Persistent link: https://www.econbiz.de/10009191708
We study the extended Chinese postman (CP) cooperative game induced by a connected, weighted, undirected graph G, wherein a postman, starting from a post office location, needs to traverse all edges wherein players reside, before returning to the post-office. We characterize the graphs...
Persistent link: https://www.econbiz.de/10009195068
In this paper, we study a decentralized assembly system consisting of a single assembler who buys complementary components from independent suppliers under two contracting schemes: push and pull. In both schemes, the component suppliers are allowed to freely form coalitions (or alliances) among...
Persistent link: https://www.econbiz.de/10009197421