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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)

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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Bibliographic Info

Paper provided by Tilburg University, Center for Economic Research in its series Discussion Paper with number 2003-88.

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

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Web page: http://center.uvt.nl

Related research

Keywords: geometry; games; bankruptcy; core;

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Cited by:
  1. Arantza Est�vez-Fern�ndez & Mar�a Gloria Fiestras-Janeiro & Manuel Alfredo Mosquera & Estela S�nchez- Rodr�guez, 2012. "A Bankruptcy Approach to the Core Cover," Tinbergen Institute Discussion Papers 12-012/1, Tinbergen Institute.
  2. A. Estévez-Fernández & M. Fiestras-Janeiro & M. Mosquera & E. Sánchez-Rodríguez, 2012. "A bankruptcy approach to the core cover," Computational Statistics, Springer, vol. 76(3), pages 343-359, December.
  3. 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.
  4. Arantza Est�vez-Fern�ndez & Mar�a Gloria Fiestras-Janeiro & Manuel Alfredo Mosquera & Estela S�nchez- Rodr�guez, 2012. "A Bankruptcy Approach to the Core Cover," Tinbergen Institute Discussion Papers 12-012/1, Tinbergen Institute.

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