263,492 research outputs found

    Multi-Issue Allocation Games

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    This paper introduces a new class of transferable-utility games, called multi-issue allocation games.These games arise from various allocation situations and are based on the concepts underlying the bankruptcy model, as introduced by O'Neill (1982).In this model, a perfectly divisible good (estate) has to be divided amongst a given set of agents, each of whom has some claim on the estate.Contrary to the standard bankruptcy model, the current model deals with situations in which the agents' claims are multi-dimensional, where the dimensions correspond to various issues.It is shown that the class of multi-issue allocation games coincides with the class of (nonnegative) exact games.The run-to-the-bank rule is introduced as a solution for multi-issue allocation situations and turns out to be Shapley value of the corresponding game.Finally, this run-to-the-bank rule is characterised by means of a consistency property.game theory;allocation games

    The Two-stage Constrained Equal Awards and Losses Rules for Multi-Issue Allocation Situation

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    This paper considers two-stage solutions for multi-issue allocation situations.Characterisations are provided for the two-stage constrained equal awards and constrained equal losses rules, based on the properties of composition and path independence.multi-issue allocation situations;constrained equal awards;constrained equal losses;two-stage solutions

    Multi-Issue Allocation Games

    Get PDF
    This paper introduces a new class of transferable-utility games, called multi-issue allocation games.These games arise from various allocation situations and are based on the concepts underlying the bankruptcy model, as introduced by O'Neill (1982).In this model, a perfectly divisible good (estate) has to be divided amongst a given set of agents, each of whom has some claim on the estate.Contrary to the standard bankruptcy model, the current model deals with situations in which the agents' claims are multi-dimensional, where the dimensions correspond to various issues.It is shown that the class of multi-issue allocation games coincides with the class of (nonnegative) exact games.The run-to-the-bank rule is introduced as a solution for multi-issue allocation situations and turns out to be Shapley value of the corresponding game.Finally, this run-to-the-bank rule is characterised by means of a consistency property.

    A Composite Run-to-the-Bank Rule for Multi-Issue Allocation Situations

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    In this paper, we propose a new extension of the run-to-the-bank rule for bankruptcy situations to the class of multi-issue allocation situations.We show that this rule always yields a core element and that it satisfies self-duality. We characterise our rule by means of a new consistency property, issue-consistency.allocation;bankruptcy;cooperative games;consistency

    Mixed rules in multi-issue allocation situations

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    Multi-issue allocation situations study problems where we have to divide an estate among a group of agents. The claim of each agent is a vector specifying the amount claimed by each agent on each issue. We present a two-stage rule. First we divide the estate among the issues following the constrained equal awards rule. Second, the amount assigned to each issue is divided among the agents proportionally to their demands on this issue. We apply such rule to two real problems: the distribution of natural resources between countries and the distribution of budget for education and research between universities

    Mixed rules in multi-issue allocation situations

    Get PDF
    Multi-issue allocation situations study problems where we have to divide an estate among a group of agents. The claim of each agent is a vector specifying the amount claimed by each agent on each issue. We present a two-stage rule. First we divide the estate among the issues following the constrained equal awards rule. Second, the amount assigned to each issue is divided among the agents proportionally to their demands on this issue. We apply such rule to two real problems: the distribution of natural resources between countries and the distribution of budget for education and research between universities

    A Composite Run-to-the-Bank Rule for Multi-Issue Allocation Situations

    Get PDF
    In this paper, we propose a new extension of the run-to-the-bank rule for bankruptcy situations to the class of multi-issue allocation situations.We show that this rule always yields a core element and that it satisfies self-duality. We characterise our rule by means of a new consistency property, issue-consistency.
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