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Title:An axiomatic approach to composite solutions PDF Logo
Authors:Dimitrov, Dinko
Haake, Claus-Jochen
Issue Date:2006
Series/Report no.:Working papers // Institute of Mathematical Economics 385
Abstract:We investigate a situation in which gains from cooperation are represented by a cooperative TU-game and a solution proposes a division of coalitional worths. In addition, asymmetries among players outside the game are captured by a vector of exogenous weights. If a solution measures players' payoffs inherent in the game, and a coalition has formed, then the question is how to measure players' overall payoffs in that coalition. For this we introduce the notion of a composite solution. We provide an axiomatic characterization of a specific composite solution, in which exogenous weights enter in a proportional fashion.
Subjects:Composite solution
External weights
JEL:C71
Persistent Identifier of the first edition:urn:nbn:de:hbz:361-10140
Document Type:Working Paper
Appears in Collections:Working Papers, Center for Mathematical Economics (IMW), Bielefeld University

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