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In this paper we consider a special class of n-person potential games and investigate partial cooperation between a portion of the players that sign a cooperative agreement. Existence results of partial cooperative equilibria are obtained and some possible applications are discussed,...
Persistent link: https://www.econbiz.de/10014202053
The egalitarian solution for TU-games as introduced by Dutta and Ray [3] is studied. Two characterizations of the restriction of this solution to the class of convex games are given, using weak variants of the reduced game properties of Hart and Mas-Colell [6] and Davis and Maschler [5]. The...
Persistent link: https://www.econbiz.de/10014208858
In this paper we study the endogenous formation of cooperation structures or communication graphs between players in a superadditive TU game. For each cooperation structure that is formed, the payoffs to the players are determined by an exogenously given solution. We model the process of...
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The new value AL for balanced games is discussed, which is based on averaging of lexicographic maxima of the core. Exactifications of games play a special role to find interesting relations of AL with other solution concepts for various classes of games as convex games, big boss games, simplex...
Persistent link: https://www.econbiz.de/10012735828