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results on game properties, Harsanyi dividends, core stability, and various solutions that generalize existing solutions for …
Persistent link: https://www.econbiz.de/10012964386
This paper provides a framework for implementing and comparing several solution concepts for transferable utility cooperative games. We construct bidding mechanisms where players bid for the role of the proposer. The mechanisms differ in the power awarded to the proposer. The Shapley, consensus...
Persistent link: https://www.econbiz.de/10012731745
Persistent link: https://www.econbiz.de/10012907400
A weakening of covariance property for solutions of cooperative games with transferable utilities - self-covariance - is defined. Self-covariant solutions are positively homogenous and satisfy a "restricted" translation covariance such that feasible shifts are only the solution vectors...
Persistent link: https://www.econbiz.de/10013040082
Persistent link: https://www.econbiz.de/10010191429
Cooperative game theory has proposed different notions of powerful players. For example, big-boss games (Muto et al …-essential games, are shown to have a nonempty core. We give a recursive description of the core. Moreover, it is shown that the core …
Persistent link: https://www.econbiz.de/10013314021
We characterize the equal division value, the equal surplus division value, and the class of their affine combinations for TU-games involving equal loss under separatorization. This axiom requires that, if a player becomes a dummifying player (Casajus and Huettner, in Economics Letters 122(2):...
Persistent link: https://www.econbiz.de/10012251373
results on game properties, Harsanyi dividends, core stability, and various solutions that generalize exisiting solutions for …
Persistent link: https://www.econbiz.de/10011590400
In this paper we focus on restrictions arising from the players belonging to some hierarchical structure that is represented by a digraph. Two of these models are the games with a permission structure and games under precedence constraints. In both cases, the hierarchy can be represented by a...
Persistent link: https://www.econbiz.de/10012061504
We present axiomatic characterizations of the proportional division value for TU-games, a value that distributes the worth of the grand coalition in proportion to the stand-alone worths of its members. First, a new proportionality principle, called balanced treatment, is introduced by...
Persistent link: https://www.econbiz.de/10012117870