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The pre-nucleolus is a popular egalitarian solution concept for cost-sharing games. A drawback of this concept is that an associated cost allocation often cannot be calculated in polynomial time. Therefore, it would be convenient to know whether the pre-nucleolus of a particular game coincides...
Persistent link: https://www.econbiz.de/10005081018
We extend Rochfords (1983) notion of symmetrically pairwise-bargained equilibrium to assignment games with more than two sides. A symmetrically multilateral-bargained (SMB) allocation is a core allocation such that any agent is in equilibrium with respect to a negotiation process among all...
Persistent link: https://www.econbiz.de/10005022339
Cooperative TU-games with large core were introduced by Sharkey (1982) and the concept of Population Monotonic Allocation Scheme was defined by Sprumont (1990). Linking these two concepts, Moulin (1990) introduces the notion of large monotonic core giving a characterization for three-player...
Persistent link: https://www.econbiz.de/10005022349
We study the behaviour of the extreme points of the core of a game in front of the reduction of the game and prove that the extreme core points have the reduced game property but not the converse reduced game property. Nevertheless we give some sufficient conditions on an extreme point of the...
Persistent link: https://www.econbiz.de/10005022366
In this paper we consider the problem of the control of access to a firm's productive asset, embedding the relevant decision makers into a general structure of formal authority relations. Within such an authority structure, each decision maker acts as a principal to some decision makers, while...
Persistent link: https://www.econbiz.de/10005144514
We introduce the framework of parameterized collections of games with and without sidepayments and provide three nonemptiness of approximate core theorems. The parameters bound (a) the number of approximate types of players and the size of the approximation and (b) the size of nearly effective...
Persistent link: https://www.econbiz.de/10005146852
In this paper, we analyze the equilibrium of a sequential game-theoretical model of lobbying, due to Groseclose and Snyder (1996), describing a legislature that vote over two alternatives, where two opposing lobbies, Lobby 0 and Lobby 1, compete by bidding for legislators’ votes. In this...
Persistent link: https://www.econbiz.de/10009225867
Persistent link: https://www.econbiz.de/10009292855
This paper presents a new cooperative equilibrium for strategic form games, denoted Conjectural Cooperative Equilibrium (CCE). This concept is based on the expectation that joint deviations from any strategy profile are followed by an optimal and noncooperative reaction of non deviators. We show...
Persistent link: https://www.econbiz.de/10009294679
This paper presents a new cooperative equilibrium for strategic form games, denoted Conjectural Cooperative Equilibrium (CCE). This concept is based on the expectation that joint deviations from any strategy profile are followed by an optimal and noncooperative reaction of non deviators. We show...
Persistent link: https://www.econbiz.de/10009294682