Axiomatizations of a Class of Equal Surplus Sharing Solutions for Cooperative Games with Transferable Utility
Author | : René van den Brink |
Publisher | : |
Total Pages | : 0 |
Release | : 2008 |
ISBN-10 | : OCLC:1375123351 |
ISBN-13 | : |
Rating | : 4/5 ( Downloads) |
Download or read book Axiomatizations of a Class of Equal Surplus Sharing Solutions for Cooperative Games with Transferable Utility written by René van den Brink and published by . This book was released on 2008 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: A situation in which a finite set of players can obtain certain payoffs by cooperation can be described by a cooperative game with transferable utility, or simply a TU-game. A one-point solution for TU-games assigns a payoff distribution to every TU-game. In this paper, we discuss a class of solutions containing all convex combinations of the CIS-value, the ENSC-value, and the egalitarian solution. We characterize this class of solutions using a general standardness for two player games and reduced game consistency. Specific cases of these properties characterize specific solutions in this class.