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SSRN Electronic Journal
Article . 2003 . Peer-reviewed
Data sources: Crossref
EconStor
Research . 2003
Data sources: EconStor
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Harsanyi Solutions in Line-Graph Games

Authors: René van den Brink; Gerard van der Laan; Valeri Vasil'ev;

Harsanyi Solutions in Line-Graph Games

Abstract

Recently, applications of cooperative game theory to economic allocation problems have gained popularity. To understand these applications better, economic theory studies the similarities and differences between them. The purpose of this paper is to investigate a special class of cooperative games that generalizes some recent economic applications with a similar structure. These are so-called line-graph games being cooperative TU-games in which the players are linearly ordered. Examples of situations that can be modeled like this are sequencing situations, water distribution situations and political majority voting. The main question in cooperative game models of economic situations is how to allocate the earnings of coalitions among the players. We apply the concept of Harsanyi solution to line-graph games. We define four properties that each selects a unique Harsanyi solution from the class of all Harsanyi solutions. One of these solutions is the well-known Shapley value which is widely applied in economic models. We apply these solutions to the economic situations mentioned above. sharing system, Harsanyi solution, line-graph game

Country
Netherlands
Keywords

ddc:330, Harsanyi dividends, sharing system, TU-game, Harsanyi solution, line-graph game., Kooperatives Spiel, C71, TU-game; Harsanyi dividends; Shapley value; sharing system; Harsanyi solution; line-graph game., Shapley value, Transferable Utility Games, jel: jel:C71

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selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
1
Average
Average
Average
bronze