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Compensating Losses and Sharing Surpluses in Project-Allocation Situations (version 2)

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  • Ju, Y.
  • Ruys, P.H.M.
  • Borm, P.E.M.

    (Tilburg University, Center for Economic Research)

Abstract

By introducing the notions of projects and shares, this paper studies a class of economic environments, the so-called project-allocation situations, in which society may profit from cooperation, i.e., by reallocating the initial shares of projects among agents.This paper mainly focuses on the associated issues of compensation of losses and surplus sharing arising from the reallocation of projects.For this purpose, we construct and analyze an associated project-allocation game and a related system of games that explicitly models the underlying cooperative process.Speciffic solution concepts are proposed.

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Bibliographic Info

Paper provided by Tilburg University, Center for Economic Research in its series Discussion Paper with number 2004-37.

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Date of creation: 2004
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Handle: RePEc:dgr:kubcen:200437

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

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Keywords: allocation; games; projects; cooperation;

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  1. Yuan Ju & Peter Borm & Pieter Ruys, 2007. "The consensus value: a new solution concept for cooperative games," Social Choice and Welfare, Springer, vol. 28(4), pages 685-703, June.
  2. Moulin, Herve, 1987. "Egalitarian-Equivalent Cost Sharing of a Public Good," Econometrica, Econometric Society, vol. 55(4), pages 963-76, July.
  3. Klijn, F., 2000. "A Game Theoretic Approach to Assignment Problems," Open Access publications from Tilburg University urn:nbn:nl:ui:12-82760, Tilburg University.
  4. Curiel, Imma & Pederzoli, Giorgio & Tijs, Stef, 1989. "Sequencing games," European Journal of Operational Research, Elsevier, vol. 40(3), pages 344-351, June.
  5. Curiel, I. & Pederzoli, G. & Tijs, S.H., 1989. "Sequencing games," Open Access publications from Tilburg University urn:nbn:nl:ui:12-154243, Tilburg University.
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Cited by:
  1. Ju, Y. & Borm, P.E.M. & Ruys, P.H.M., 2007. "The consensus value: A new solution concept for cooperative games," Open Access publications from Tilburg University urn:nbn:nl:ui:12-195202, Tilburg University.

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