Realizing efficient outcomes in cost spanning problems

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Realizing efficient outcomes in cost spanning problems

Author Info

Gustavo Bergantiños (University of Vigo)
Juan Vidal-Puga (University of Vigo)

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Abstract

We propose a simple non-cooperative mechanism of network formation in cost spanning tree problems. The only subgame equilibrium payoff is efficient. Moreover, we extend the result to the case of budget restrictions. The equilibrium payoff can them be easily adapted to the framework of Steiner trees.

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Paper provided by EconWPA in its series Game Theory and Information with number 0403001.

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Date of creation: 05 Mar 2004
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Handle: RePEc:wpa:wuwpga:0403001

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Find related papers by JEL classification:
C7 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory
D8 - Microeconomics - - Information, Knowledge, and Uncertainty

This paper has been announced in the following NEP Reports:

NEP-ALL-2004-03-14 (All new papers)
NEP-MIC-2004-03-14 (Microeconomics)

References listed on IDEAS
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Juan J. Vidal-Puga & Gustavo Bergantiños, 2004. "Defining Rules in Cost Spanning Tree Problems Through the Canonical Form," Working Papers 2004.97, Fondazione Eni Enrico Mattei. [Downloadable!]
Other versions:
- Gustavo Bergantiños & Juan Vidal-Puga, 2004. "Defining rules in cost spanning tree problems through the canonical form," Game Theory and Information 0402004, EconWPA. [Downloadable!]
Juan Vidal-Puga, 2003. "Implementation of the levels structure value," Game Theory and Information 0303006, EconWPA. [Downloadable!]
Vidal-Puga, Juan & Bergantinos, Gustavo, 2003. "An implementation of the Owen value," Games and Economic Behavior, Elsevier, vol. 44(2), pages 412-427, August. [Downloadable!] (restricted)
David Pérez-Castrillo & David Wettstein, 2002. "Choosing Wisely: A Multibidding Approach," American Economic Review, American Economic Association, vol. 92(5), pages 1577-1587, December. [Downloadable!]
Kar, Anirban, 2002. "Axiomatization of the Shapley Value on Minimum Cost Spanning Tree Games," Games and Economic Behavior, Elsevier, vol. 38(2), pages 265-277, February. [Downloadable!] (restricted)
Maschler, M & Owen, G, 1989. "The Consistent Shapley Value for Hyperplane Games," International Journal of Game Theory, Springer, vol. 18(4), pages 389-407.
Dutta, Bhaskar & Kar, Anirban, 2004. "Cost monotonicity, consistency and minimum cost spanning tree games," Games and Economic Behavior, Elsevier, vol. 48(2), pages 223-248, August. [Downloadable!] (restricted)
Other versions:
- Bhaskar Dutta & Anirban Kar, 2002. "Cost monotonicity, consistency and minimum cost spanning tree games," Indian Statistical Institute, Planning Unit, New Delhi Discussion Papers 02-04, Indian Statistical Institute, New Delhi, India. [Downloadable!]
- Dutta, Bhaskar & Kar, Anirban, 2002. "Cost Monotonicity, Consistency And Minimum Cost Spanning Tree Games," The Warwick Economics Research Paper Series (TWERPS) 629, University of Warwick, Department of Economics. [Downloadable!]
Perez-Castrillo, David & Wettstein, David, 2001. "Bidding for the Surplus : A Non-cooperative Approach to the Shapley Value," Journal of Economic Theory, Elsevier, vol. 100(2), pages 274-294, October. [Downloadable!] (restricted)
Other versions:
- David Pérez-Castrillo & David Wettstein, . "Bidding For The Surplus: A Non-Cooperative Approach To The Shapley Value," UFAE and IAE Working Papers 461.00, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC). [Downloadable!]
Feltkamp, V. & Tijs, S. & Muto, S., 1994. "On the Irreducible Core and the Equal Remaining Obligations Rule of Minimum Cost Spanning Extension Problems," Discussion Paper 106, Tilburg University, Center for Economic Research. [Downloadable!]
Mutuswami, Suresh & Perez-Castrillo, David & Wettstein, David, 2004. "Bidding for the surplus: realizing efficient outcomes in economic environments," Games and Economic Behavior, Elsevier, vol. 48(1), pages 111-123, July. [Downloadable!] (restricted)

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