Compromise solutions based on bankruptcy

A new family of compromise solutions is introduced for the class of compromise admissible games. These solutions extend bankruptcy rules. It is shown that the compromise extension of the run-to-the-bank rule coincides with the average of the extreme points of the core cover (taking multiplicities in...

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Bibliographic Details
Published in:Mathematical social sciences 2006-05, Vol.51 (3), p.247-256
Main Authors: Quant, Marieke, Borm, Peter, Hendrickx, Ruud, Zwikker, Peter
Format: Article
Language:English
Subjects:
Bankruptcy
Compromise admissible games
Economic research
Game theory
Games of strategy
Mathematical methods
Run-to-the-bank rule
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Summary:A new family of compromise solutions is introduced for the class of compromise admissible games. These solutions extend bankruptcy rules. It is shown that the compromise extension of the run-to-the-bank rule coincides with the average of the extreme points of the core cover (taking multiplicities into account). A recursive formula is provided.
ISSN:0165-4896
1879-3118
DOI:10.1016/j.mathsocsci.2006.01.002