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-convexity, under which the game is shown to have a non-empty core and the average tree solution lies in the core. In general, link …
Persistent link: https://www.econbiz.de/10012723255
In this paper, the classical theory of two-person cooperative games is extended to two-person cooperative games with … interval uncertainty. The core, balancedness, superadditivity and related topics are studied. Solutions are introduced and …
Persistent link: https://www.econbiz.de/10012725448
The analysis of single-valued solution concepts for coalitional games with transferable utilities has a long tradition. Opposed to most of this literature we will not deal with solution concepts that provide payoffs to the players for the grand coalition only, but we will analyze allocation...
Persistent link: https://www.econbiz.de/10012725552
In this paper we introduce the equal division core for arbitrary multi-choice games and the constrained egalitarian …
Persistent link: https://www.econbiz.de/10012729178
This paper revisits the Alexia value, a recent solution concept for cooperative transferable utility games. We introduce the dual Alexia value and show that it coincides with the Alexia value for several classes of games. We demonstrate the importance of the notion of compromise stability for...
Persistent link: https://www.econbiz.de/10012729181
staying with the original outcome with the risk of deviating. Employing this idea to the core leads to a new concept that we … call the risk-based core. We introduce this concept and discuss its properties. We find an inclusion relation between cores … yields many of the familiar inclusion relations as corollaries, while the inclusion of the optimistic core in the optimistic …
Persistent link: https://www.econbiz.de/10012891747
We show that the family of assignment matrices which give rise to the same nucleolus forms a compact join-semilattice with one maximal element. The above family is in general not a convex set, but path-connected
Persistent link: https://www.econbiz.de/10012894372
We show that the family of assignment matrices which give rise to the same nucleolus form a compact join-semilattice with one maximal element, which is always a valuation (see p.43, Topkis (1998)). We give an explicit form of this valuation matrix. The above family is in general not a convex...
Persistent link: https://www.econbiz.de/10013010959
costs such that each agent demands consecutive sections. We show that the core, the prenucleolus, and the Shapley value on … associated games do not occur. The main axioms for the core and the nucleolus are consistency properties based on the reduced …
Persistent link: https://www.econbiz.de/10013019777
. The core predicts a unique and extreme outcome: the entire surplus is split evenly among the buyers when m > n and among … the sellers when m < n; the long side gets nothing. We test this core conjecture in the lab with n + m = 3 or 5 randomly … agreements while trading. Despite frequent attempts to collude and occasional large deviations from the core prediction, we find …
Persistent link: https://www.econbiz.de/10003782414