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We study a non-cooperative model of unilateral network formation. Derks et al. [2008b] prove the existence of local-Nash and global-Nash networks for games with payoff functions that satisfy a framework of axiomatic properties. These properties are inspired by the one-way flow model, which is...
Persistent link: https://www.econbiz.de/10009366447
In this paper we propose an extension of the core of NTU games from its domain to a larger set of games satisfying a few conditions of well-behavedness. The solution concept is a rather straightforward generalization of the extended core of TU games introduced by Gomez [2003] and is shown to...
Persistent link: https://www.econbiz.de/10008853042
This paper deals with the strong constrained egalitarian solution introduced by Dutta and Ray (1991). We show that this solution yields the weak constrained egalitarian allocations (Dutta and Ray, 1989) associated to a finite family of convex games. This relationship makes it possible to define...
Persistent link: https://www.econbiz.de/10010547253
We generalize the null player property (satisfied by the Shapley value) and nullifying player property (satisfied by the equal division solution) to the so-called delta-reducing player property, stating that a delta-reducing player (being a player such that any coalition containing this player...
Persistent link: https://www.econbiz.de/10010326064
There is an extensive literature that studies situations of restricted cooperation in cooperative games. Myerson (1979) introduced communication graph games, where players can only cooperate if they are connected in an undirected graph representing the communication possibilities. The Myerson...
Persistent link: https://www.econbiz.de/10010491412
We generalize the null player property (satisfied by the Shapley value) and nullifying player property (satisfied by the equal division solution) to the so-called delta-reducing player property, stating that a delta-reducing player (being a player such that any coalition containing this player...
Persistent link: https://www.econbiz.de/10011380928
There is an extensive literature that studies situations of restricted cooperation in cooperative games. Myerson (1979) introduced communication graph games, where players can only cooperate if they are connected in an undirected graph representing the communication possibilities. The Myerson...
Persistent link: https://www.econbiz.de/10010477095
Persistent link: https://www.econbiz.de/10011740076
We generalize the null player property (satisfied by the Shapley value) and nullifying player property (satisfied by the equal division solution) to the so-called delta-reducing player property, stating that a delta-reducing player (being a player such that any coalition containing this player...
Persistent link: https://www.econbiz.de/10008838630
There is an extensive literature that studies situations of restricted cooperation in cooperative games. Myerson (1979) introduced communication graph games, where players can only cooperate if they are connected in an undirected graph representing the communication possibilities. The Myerson...
Persistent link: https://www.econbiz.de/10011256471