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of the marginal contributions for environments with externalities. The dummy property related to it is defined. We adapt … average approach provided by Macho-Stadler et al. (J Econ Theory 135:339-356, 2007). -- externalities ; marginal contributions …
Persistent link: https://www.econbiz.de/10009355896
and consumption. We study the game of balancing group formation and show that the game contains widespread externalities … transmission network. -- Energy transmission networks ; Cooperative game theory ; Partition function form games ; Externalities …
Persistent link: https://www.econbiz.de/10009152566
satiable agents, i.e., the benefit function is decreasing beyond some satiation point. In such situations externalities appear … has an increasing benefit function (no externalities) then every weighted hierarchical solution is core-stable. In case of … satiation points, it appears that every weighted hierarchical solution is independent of the externalities. …
Persistent link: https://www.econbiz.de/10011381991
In auctions with externalities, it is well-known that the core can be empty, which is undesirable both in terms of …
Persistent link: https://www.econbiz.de/10012843633
This paper provides a framework for implementing and comparing several solution concepts for transferable utility cooperative games. We construct bidding mechanisms where players bid for the role of the proposer. The mechanisms differ in the power awarded to the proposer. The Shapley, consensus...
Persistent link: https://www.econbiz.de/10012731745
externalities games. For a symmetric cooperation externalities game conditions are provided such that every outcome in the …
Persistent link: https://www.econbiz.de/10012733871
This paper studies coalition formation among individuals who differ in productivity. The output of a coalition is determined by the sum of productivities if the coalition exceeds a minimal threshold of members. We consider competitive societies in which the surplus of a coalition is split...
Persistent link: https://www.econbiz.de/10012896560
In the absence of externalities, marginality is equivalent to an independence property that rests on Harsanyi … and independence for games with externalities. We measure a player‘s contribution in an embedded coalition by the change …. The introduced method also allows us to investigate egalitarian solutions and to reveal how accounting for externalities …
Persistent link: https://www.econbiz.de/10012869572
the externalities involved, as well as with where the source of cooperation lies in cooperative game theory. In either …
Persistent link: https://www.econbiz.de/10012709839
externalities. In particular, when externalities occur, a direct translation of Shapley's axioms does not imply a unique value. In … contributions), translated to games with externalities using the proper definition of the alpha-parametrized marginal contribution …
Persistent link: https://www.econbiz.de/10013077721