Search results for "jel:C71"

showing 5 items of 5 documents

Strategic sharing of a costly network

2012

We study minimum cost spanning tree problems for a set of users connected to a source. Prim’s algorithm provides a way of finding the minimum cost tree mm. This has led to several definitions in the literature, regarding how to distribute the cost. These rules propose different cost allocations, which can be understood as compensations and/or payments between players, with respect to the status quo point: each user pays for the connection she uses to be linked to the source. In this paper we analyze the rationale behind a distribution of the minimum cost by defining an a priori transfer structure. Our first result states the existence of a transfer structure such that no user is willing to …

Economics and EconometricsMathematical optimizationjel:D630211 other engineering and technologies02 engineering and technologyOutcome (game theory)Subgame perfect equilibriumSet (abstract data type)Distributed minimum spanning treeSubgame perfect equilibrium0502 economics and businessEconomics050207 economicsMinimum cost spanning treeUser paysjel:C71jel:D70Cost allocationFundamentos del Análisis Económico021103 operations researchApplied Mathematics05 social sciencesCost allocationCore (game theory)Tree (data structure)CoreMinimum cost spanning tree; cost allocation; subgame perfect equilibriumTransfer structureJournal of Mathematical Economics
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A strategic approach for the discounted Shapley values

2014

The family of discounted Shapley values is analyzed for cooperative games in coalitional form. We consider the bargaining protocol of the alternating random proposer introduced in Hart and Mas-Colell (Econometrica 64:357–380, 1996). We demonstrate that the discounted Shapley values arise as the expected payoffs associated with the bargaining equilibria when a time discount factor is considered. In a second model, we replace the time cost with the probability that the game ends without agreements. This model also implements these values in transferable utility games, moreover, the model implements the \(\alpha \)-consistent values in the nontransferable utility setting.

jel:C71DiscountingDiscounted Shapley value; egalitarianism; cooperative TU-games JEL05 social sciencesGeneral Social SciencesGeneral Decision SciencesTheoryofComputation_GENERALTime costShapley valueEconomia Aspectes psicològicsComputer Science ApplicationsArts and Humanities (miscellaneous)Strategic approach0502 economics and businessDevelopmental and Educational PsychologyEconomics050206 economic theory050207 economicsTransferable utilityGeneral Economics Econometrics and FinanceMathematical economicsApplied Psychology
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Solidarity in games with a coalition structure

2010

Abstract A new axiomatic characterization of the two-step Shapley value Kamijo (2009) is presented based on a solidarity principle of the members of any union: when the game changes due to the addition or deletion of players outside the union, all members of the union will share the same gains/losses.

jel:C71Games with a coalition structure. Owen value. The two-step Shapley value. Solidarity.Sociology and Political ScienceStructure (category theory)General Social SciencesCharacterization (mathematics)Shapley valueSolidarityEconomia Aspectes psicològicsMicroeconomicsEconomicsStatistics Probability and UncertaintyJocs Teoria deMathematical economicsGeneral PsychologyAxiom
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Teoría de la Participación. Sugerencias analíticas

2002

Human groups may be analysed as organisations of networks of relationships between their members. This article proposes an exercise in theoretic speculation about participation and democracy based on the analytic tools of a relational-informational theory the bases of which come from evolutionalism and the Information Economy. This analytical framework may clarify the nature of macro-collective citizenship, micro-formal group of the company and the fabric of the emergent and informal communicative relations of society and the market. As a humanist heuristic which revindicates the resource to literary and philosophic sources of knowledge, work offers alternative explainations to the preferen…

jel:C71Organisation relationship networks democracy participation company market.jel:A13jel:D79CIRIEC-España, revista de economía pública, social y cooperativa
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Cooperación condicional y tercer sector

2000

The following paper analyzes the problem of social cooperation in the provision of a public good from an evolutionary perspective. To this end we depart from behavioral programs as the basic building block for modeling individuals in the social interaction, which is based on a generalized prisoners dilemma. In it, a population of individuals follow a conditional cooperative program, which some authors refer as to morality, and that we will show that is equivalent to the application of the principle of reciprocity. It will be shown that the degree of cooperation, that is the individual contribution toward the provision of the public good, is positive although sub-optimal. Finally, if we comp…

jel:C71jel:L31jel:B52jel:H41Rationality morality prisoners dilemma cooperation public goods.CIRIEC-España, revista de economía pública, social y cooperativa
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