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We consider a cooperative game with a bipartition that indicates which players are participating. This paper provides … exponential increase. Our result remains true when we introduce (i) randomization of the bipartition, and (ii) randomly draw a …
Persistent link: https://www.econbiz.de/10010326385
We propose and characterize weighted-egalitarian values for cooperative transferable utility games. Each weighted-egalitarian value divides the worth of the grand coalition into two parts and allocates them through equality and proportionality based on exogenous player weights. We characterize...
Persistent link: https://www.econbiz.de/10014505372
The Shapley value of a cooperative transferable utility game distributes the dividend of each coalition in the game equally among its members. Given exogenous weights for all players, the corresponding weighted Shapley value distributes the dividends proportionally to their weights. In this...
Persistent link: https://www.econbiz.de/10011372977
One of the main issues in economics is the trade-off between marginalism and egalitarianism. In the context of cooperative games this trade-off can be framed as one of choosing to allocate according to the Shapley value or the equal division solution. In this paper we provide tools that make it...
Persistent link: https://www.econbiz.de/10011372987
In this paper we introduce an extension of the model of restricted communication in cooperative games as introduced in Myerson (1977) by allowing communication links to be directed and the worth of a coalition to depend on the order in which the players enter the coalition. Therefore, we model...
Persistent link: https://www.econbiz.de/10011373812
A situation in which a finite set of players can obtain certain payoffs by cooperation can be described by a 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...
Persistent link: https://www.econbiz.de/10011378792
In this paper we focus on restrictions arising from the players belonging to some hierarchical structure that is represented by a digraph. Two of these models are the games with a permission structure and games under precedence constraints. In both cases, the hierarchy can be represented by a...
Persistent link: https://www.econbiz.de/10012061504
Recently, cooperative game theory has been applied to various economic allocation problems in which players are not …
Persistent link: https://www.econbiz.de/10011334335
Recently, applications of cooperative game theory to economicallocation problems have gained popularity. To … understandthese applications better, economic theory studies thesimilarities and differences between them. The purpose of thispaper is …
Persistent link: https://www.econbiz.de/10011334357
In the absence of externalities, marginality is equivalent to an independence property that rests on Harsanyi‘s dividends. These dividends identify the surplus inherent to each coalition. Independence states that a player‘s payoff stays the same if only dividends of coalitions to which this...
Persistent link: https://www.econbiz.de/10012010357