Discounted Tree Solutions

Sylvain Béal, Eric Rémila and Philippe Solal

No 2015-18, Working Papers from CRESE

Abstract: This article introduces a discount parameter and a weight function in Myerson's (1977) classical model of cooperative games with restrictions on cooperation. The discount parameter aims to re ect the time preference of the agents while the weight function aims to re ect the importance of each node of a graph. We provide axiomatic characterizations of two types of solution that are inspired by the hierarchical outcomes (Demange, 2004).

Keywords: Graph games; discount parameter; weight function; discounted tree solutions; invariance with respect to cone amalgamation; generalized standardness; delta-reducing agent (search for similar items in EconPapers)
JEL-codes: C71 (search for similar items in EconPapers)
Pages: 26 pages
Date: 2015-12
New Economics Papers: this item is included in nep-gth
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https://crese.univ-fcomte.fr/uploads/wp/WP-2015-18.pdf First version, 2015 (application/pdf)

Related works:
Working Paper: Discounted Tree Solutions (2017)
Working Paper: Discounted Tree Solutions (2016)
Working Paper: Discounted Tree Solutions (2016)
Working Paper: Discounted Tree Solutions (2015)
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