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Discounted Tree Solutions

Sylvain Béal (), Eric Rémila and Philippe Solal

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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 reflect the time preference of the agents while the weight function aims to reflect 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: invariance with respect to cone amalgamation; discounted tree solutions; Graph games; discount parameter; weight function; generalized standardness; δ-reducing agent (search for similar items in EconPapers)
Date: 2015-12-01
New Economics Papers: this item is included in nep-gth
Note: View the original document on HAL open archive server: https://hal.archives-ouvertes.fr/hal-01377923
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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) Downloads
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