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We consider the division problems in which a resource must be distributed considering agents' references. We analize this problems in a multidimensional context, we consider that agents have multiple references. For division of the amount available in these situations, we design rules that take...
Persistent link: https://www.econbiz.de/10011588531
In the present work, agreement on allocation of payments from multiple issues requires unanimous consent of all parties involved. The agents are assumed to know the aggregate payoffs but do not know their decomposition by issues. This framework applies to many real-world problems, such as the...
Persistent link: https://www.econbiz.de/10011671885
A large theoretical literature on value capture following Brandenburger and Stuart Jr. (1996) uses cooperative games under complete information to study how and why firms earn supernormal profits. However, firms often have different information, beliefs, or creative foresight. We extend value...
Persistent link: https://www.econbiz.de/10012101420
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
This note provides a way to translate an n-person strategic game to a characteristic cooperative game assuming that the set of players of the cooperative game is the set of pure actions of the strategic game. The Core is characterized through coalitions generated with only one action for each...
Persistent link: https://www.econbiz.de/10010991677
We propose and analyze a new solution concept, theR-solution, for three-person, transferable utility, cooperative games. In the spirit of the Nash Bargaining Solution, our concept is founded on the predicted outcomes of simultaneous, two-party negotiations that would be the alternative to the...
Persistent link: https://www.econbiz.de/10010851496
In a mutual control structure agents exercise control over each other. Typical examples occur in the area of corporate governance firms and investment companies exercise mutual control, in particular by owning each others stocks. In this paper we formulate a general model for such situations....
Persistent link: https://www.econbiz.de/10010856553
Cooperative games model situations where the actors can collaborate, can form coalitions. There exist many static models, however models are too simplistic compared to our more complex world. Despite the fact that there have been several experimental studies on coalition formation there are only...
Persistent link: https://www.econbiz.de/10010878377
This paper illustrates a methodology for analyzing bargaining games on network markets, by means of numerical models that can be calibrated with real data. Economic incentives to join or to expand a network depend on how the network surplus is being distributed, which in turn depends on a...
Persistent link: https://www.econbiz.de/10010940830
In this paper, different merge proof notions for allocation rules at transferable utility games are defined and studied. Merging of a coalition into a single player is considered mainly in two different ways: firstly, merging of only one coalition -where the other (external) players stay as...
Persistent link: https://www.econbiz.de/10010942783