Search results for "MSC-91A12"
showing 2 items of 2 documents
A multiplicative potential approach to solutions for cooperative TU-games
2001
Concerning the solution theory for cooperative games with transferable utility, it is well-known that the Shapley value is the most appealing representative of the family of (not necessarily efficient) game-theoretic solutions with an additive potential representation. This paper introduces a new solution concept, called Multiplicativily Proportional ($MP$) value, that can be regarded as the counterpart of the Shapley value if the additive potential approach to the solution theory is replaced by a multiplicative potential approach in that the difference of two potential evaluations is replaced by its quotient. One out of two main equivalence theorems states that every solution with a multip…
Robust dynamic cooperative games
2009
Classical cooperative game theory is no longer a suitable tool for those situations where the values of coalitions are not known with certainty. Recent works address situations where the values of coalitions are modelled by random variables. In this work we still consider the values of coalitions as uncertain, but model them as unknown but bounded disturbances. We do not focus on solving a specific game, but rather consider a family of games described by a polyhedron: each point in the polyhedron is a vector of coalitions’ values and corresponds to a specific game. We consider a dynamic context where while we know with certainty the average value of each coalition on the long run, at each t…