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Persistent link: https://www.econbiz.de/10005634369
In the context of capital accumulation games this paper proposes two concepts that describe the interactions between agents and give a counterpart, in a symmetric infinite horizon framework, of the well known Fudenberg and Tirole's Taxinomy concerning investment strategies in two-stage games.
Persistent link: https://www.econbiz.de/10005634374
This paper presents two new axiomatizations of the Owen value for games with coalition structures. Other axiomatizations can be found in the literature: Owen (1977), Hart and Kurz (1983), and Winter (1992). The driving force of my axiomatization is a consistency axiom based on an associated...
Persistent link: https://www.econbiz.de/10005634392
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Persistent link: https://www.econbiz.de/10005634433
This paper introduces four alternative representations of a set function: the Mobius transformation, the co-Mobius transformation, and the interactions between elements of any subset of a given set as extensions of Shapley and Banzhaf values. The links between the five equivalent representations...
Persistent link: https://www.econbiz.de/10005634453
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In this paper it is shown that the core and the bargaining sets of Davis-Maschler and Zhou coincide in a class of shortest path games.
Persistent link: https://www.econbiz.de/10005634509
We extend the consistency principle for strategic games (Peleg and Tijs (1996)) to apply to solutions which assign to each game a collection of product sets of strategies. Such solutions turn out to satisfy desirable properties that solutions assigning to each game a collection of strategy...
Persistent link: https://www.econbiz.de/10005634524
A set of necessary and sufficient conditions for convexity of a transferable utility game in terms of its decomposition into unanimity games is shown to be minimal: none of the conditions is redundant. The result is used to provide an axiomatization of the Shapley value on the set of convex games.
Persistent link: https://www.econbiz.de/10005634533