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the efficient network and the demand graph consist of the same components, the induced cost game has non-empty core …We consider a generalization of the Minimum Cost Spanning Tree (MCST) model dubbed the Minimum Cost Connection Network … (MCCN) model, where network users have connection demands in the form of a pair of target nodes they want connected directly …
Persistent link: https://www.econbiz.de/10012290606
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, and a willingness to pay for connectivity. A planner aims at implementing a welfare maximizing network and allocating the …
Persistent link: https://www.econbiz.de/10012242016
estimated costs; and, (4) the planner allocates the true costs of the selected network. It turns out that an allocation rule …In the present paper we consider the allocation of costs in connection networks. Agents have connection demands in form … allocate costs of networks satisfying all connection demands. We use a few axioms to characterize allocation rules that …
Persistent link: https://www.econbiz.de/10011263568
allocate costs of networks satisfying all connection demands. We use three axioms to characterize allocation rules that … connection costs; and, (3) the central planner selects a cost minimizing network satisfying reported connection demands based on … estimated connection costs and allocates true connection costs of the selected network. …
Persistent link: https://www.econbiz.de/10010703368
We consider a relational economy in which economic agents participate in three types of relational economic activities: autarkic activities; binary matching activities; and plural cooperative activities. We introduce a stability notion and characterize stable interaction structures, both in the...
Persistent link: https://www.econbiz.de/10012725147
The concept of 'the core' originates in cooperative game theory and its introduction to economics in the 1960s as a … questions in economics. Discovery of the core was met with enthusiasm among the community of economic theorists at the time …. However, use of the core eventually waned and the concept faded into the backdrop of economic theory. This paper makes use of …
Persistent link: https://www.econbiz.de/10012100909
thereby defined the urban space. The core of the paper, however, defines the urban space by the dimension of collective … of a network – applying the Public Good Index (PGI) and the Public Value (PV) –, reinterprets previous work by Holler and … distribution within a network. Here, our focus is on the accountability of the agents – and the Smart City concept …
Persistent link: https://www.econbiz.de/10012834345
This paper applies for the first time power index analysis to the famous Krackhardt’s kite social network by imposing a … weighted voting game on the given network structure. It compares the results of this analysis, derived by applying the Public … traditional centrality measures are rather a first approximation for evaluating the power in a network as they considerably …
Persistent link: https://www.econbiz.de/10014106013
by its members. When groups consist of two voting players, our games can also be interpreted as network-formation games …
Persistent link: https://www.econbiz.de/10014073874