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Article: On implementation via demand commitment games
Title | On implementation via demand commitment games |
---|---|
Authors | |
Keywords | Core Demand Commitment Game Implementation Shapley Value |
Issue Date | 1998 |
Publisher | Physica-Verlag GmbH und Co. The Journal's web site is located at http://link.springer.de/link/service/journals/00182/index.htm |
Citation | International Journal Of Game Theory, 1998, v. 27 n. 2, p. 161-189 How to Cite? |
Abstract | A simple version of the Demand Commitment Game is shown to implement the Shapley value as the unique subgame perfect equilibrium outcome for any n-person characteristic function game. This improves upon previous models devoted to this implementation problem in terms of one or more of the following: a) the range of characteristic function games addressed, b) the simplicity of the underlying noncooperative game (it is a finite horizon game where individuals make demands and form coalitions rather than make comprehensive allocation proposals and c) the general acceptability of the noncooperative equilibrium concept. A complete characterization of an equilibrium strategy generating the Shapley value outcomes is provided. Furthermore, for 3 player games, it is shown that the Demand Commitment Game can implement the core for games which need not be convex but have cores with nonempty interiors. |
Persistent Identifier | http://hdl.handle.net/10722/177706 |
ISSN | 2023 Impact Factor: 0.6 2023 SCImago Journal Rankings: 0.422 |
ISI Accession Number ID | |
References |
DC Field | Value | Language |
---|---|---|
dc.contributor.author | Dasgupta, A | en_US |
dc.contributor.author | Chiu, YS | en_US |
dc.date.accessioned | 2012-12-19T09:39:37Z | - |
dc.date.available | 2012-12-19T09:39:37Z | - |
dc.date.issued | 1998 | en_US |
dc.identifier.citation | International Journal Of Game Theory, 1998, v. 27 n. 2, p. 161-189 | en_US |
dc.identifier.issn | 0020-7276 | en_US |
dc.identifier.uri | http://hdl.handle.net/10722/177706 | - |
dc.description.abstract | A simple version of the Demand Commitment Game is shown to implement the Shapley value as the unique subgame perfect equilibrium outcome for any n-person characteristic function game. This improves upon previous models devoted to this implementation problem in terms of one or more of the following: a) the range of characteristic function games addressed, b) the simplicity of the underlying noncooperative game (it is a finite horizon game where individuals make demands and form coalitions rather than make comprehensive allocation proposals and c) the general acceptability of the noncooperative equilibrium concept. A complete characterization of an equilibrium strategy generating the Shapley value outcomes is provided. Furthermore, for 3 player games, it is shown that the Demand Commitment Game can implement the core for games which need not be convex but have cores with nonempty interiors. | en_US |
dc.language | eng | en_US |
dc.publisher | Physica-Verlag GmbH und Co. The Journal's web site is located at http://link.springer.de/link/service/journals/00182/index.htm | en_US |
dc.relation.ispartof | International Journal of Game Theory | en_US |
dc.subject | Core | en_US |
dc.subject | Demand Commitment Game | en_US |
dc.subject | Implementation | en_US |
dc.subject | Shapley Value | en_US |
dc.title | On implementation via demand commitment games | en_US |
dc.type | Article | en_US |
dc.identifier.email | Chiu, YS: sywchiu@hku.hk | en_US |
dc.identifier.authority | Chiu, YS=rp01057 | en_US |
dc.description.nature | link_to_subscribed_fulltext | en_US |
dc.identifier.doi | 10.1007/s001820050064 | - |
dc.identifier.scopus | eid_2-s2.0-0040679716 | en_US |
dc.relation.references | http://www.scopus.com/mlt/select.url?eid=2-s2.0-0040679716&selection=ref&src=s&origin=recordpage | en_US |
dc.identifier.volume | 27 | en_US |
dc.identifier.issue | 2 | en_US |
dc.identifier.spage | 161 | en_US |
dc.identifier.epage | 189 | en_US |
dc.identifier.isi | WOS:000075882800001 | - |
dc.publisher.place | Germany | en_US |
dc.identifier.scopusauthorid | Dasgupta, A=7202437260 | en_US |
dc.identifier.scopusauthorid | Chiu, YS=7202775090 | en_US |
dc.identifier.issnl | 0020-7276 | - |