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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
axiomatization of the Shapley value that the requirements of Core Compatibility, Equal Treatment Property and Strong Monotonicity are …
Persistent link: https://www.econbiz.de/10010381388
, it is shown that a decreasing unit price function is a sufficient condition for a non-empty core: the Direct Price … solution is both a core element and a marginal vector. It is seen that the nucleolus of an MCP-game can be derived in …
Persistent link: https://www.econbiz.de/10013107420
interval uncertainty. The core, balancedness, superadditivity and related topics are studied. Solutions are introduced and …
Persistent link: https://www.econbiz.de/10012725448
costs such that each agent demands consecutive sections. We show that the core, the prenucleolus, and the Shapley value on … associated games do not occur. The main axioms for the core and the nucleolus are consistency properties based on the reduced …
Persistent link: https://www.econbiz.de/10013019777
Minimum-cost spanning tree problems are well-known problems in the operations research literature. Some agents, located at different geographical places, want a service provided by a common supplier. Agents will be served through costly connections. Some part of the literature has focused,...
Persistent link: https://www.econbiz.de/10012503905
-building set. Properties of this solution are also studied. To establish core stability we introduce appropriate convexity …
Persistent link: https://www.econbiz.de/10014160376
We consider the problem of axiomatizing the Shapley value on the class of assignment games. We first show that several axiomatizations of the Shapley value on the class of all TU-games do not characterize this solution on the class of assignment games by providing alternative solutions that...
Persistent link: https://www.econbiz.de/10014040150
Our objective is to analyze the relationship between the Shapley value and the core of cooperative games with … transferable utility. We first characterize balanced games, i.e., the set of games with a nonempty core, through geometric … nonnegative linear combination of some simple games. Moreover, we show that the set of games whose Shapley value lies in the core …
Persistent link: https://www.econbiz.de/10014082862
the unique welfare distribution that is core-stable and satisfies the condition that no agent gets a utility payoff above … has an increasing benefit function (no externalities) then every weighted hierarchical solution is core-stable. In case of …
Persistent link: https://www.econbiz.de/10010325973