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A geometric characterisation of the compromise value

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Author Info
Borm, P.E.M.
Hendrickx, R.L.P.
Quant, M.
Gonzalez Diaz, J. (Tilburg University, Center for Economic Research)

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Abstract

In this paper, we characterise the compromise value of a game as the barycentre of the edges of its core cover. For this, we introduce the value, which extends the adjusted proportional rule for bankruptcy situations and coincides with the compromise value on a large class of games.

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Publisher Info
Paper provided by Tilburg University, Center for Economic Research in its series Discussion Paper with number 88.

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Date of creation: 2003
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Handle: RePEc:dgr:kubcen:200388

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Related research
Keywords: core;

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  1. Julio González-Díaz & Estela Sánchez-Rodríguez, 2007. "A natural selection from the core of a TU game: the core-center," International Journal of Game Theory, Springer, vol. 36(1), pages 27-46, September. [Downloadable!] (restricted)
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