IDEAS home Printed from https://ideas.repec.org/a/spr/mathme/v95y2022i2d10.1007_s00186-022-00781-1.html
   My bibliography  Save this article

Individual weighted excess and least square values

Author

Listed:
  • Xia Zhang

    (NingboTech University
    Northwestern Polytechnical University
    VU University)

  • René van den Brink

    (VU University)

  • Arantza Estévez-Fernández

    (VU University)

  • Hao Sun

    (Northwestern Polytechnical University)

Abstract

This work deals with the weighted excesses of players in cooperative games which are obtained by summing up all the weighted excesses of all coalitions to which they belong. We first show that the resulting payoff vector is the corresponding least square value by lexicographically minimizing the individual weighted excesses of players over the preimputation set, and thus give an alternative characterization of the least square values. Second, we show that these results give rise to lower and upper bounds for the core payoff vectors and, using these bounds, we show that the least square values can be seen as the center of a polyhedron defined by these bounds. This provides a second new characterization of the least square values. Third, we show that the individually rational least square value is the solution that lexicographically minimizes the individual weighted excesses of players over the imputation set.

Suggested Citation

  • Xia Zhang & René van den Brink & Arantza Estévez-Fernández & Hao Sun, 2022. "Individual weighted excess and least square values," Mathematical Methods of Operations Research, Springer;Gesellschaft für Operations Research (GOR);Nederlands Genootschap voor Besliskunde (NGB), vol. 95(2), pages 281-296, April.
    • Handle: RePEc:spr:mathme:v:95:y:2022:i:2:d:10.1007_s00186-022-00781-1
    DOI: 10.1007/s00186-022-00781-1
    as

    Download full text from publisher

    File URL: http://link.springer.com/10.1007/s00186-022-00781-1
    File Function: Abstract
    Download Restriction: Access to the full text of the articles in this series is restricted.
    File URL: https://libkey.io/10.1007/s00186-022-00781-1?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Krishna Chaitanya Vanam & N. Hemachandra, 2013. "Some Excess-Based Solutions For Cooperative Games With Transferable Utility," International Game Theory Review (IGTR), World Scientific Publishing Co. Pte. Ltd., vol. 15(04), pages 1-14.
    2. SCHMEIDLER, David, 1969. "The nucleolus of a characteristic function game," LIDAM Reprints CORE 44, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    3. Luis Ruiz & Federico Valenciano & José Zarzuelo, 1998. "Some new results on least square values for TU games," TOP: An Official Journal of the Spanish Society of Statistics and Operations Research, Springer;Sociedad de Estadística e Investigación Operativa, vol. 6(1), pages 139-158, June.
    4. Hart, Sergiu & Mas-Colell, Andreu, 1989. "Potential, Value, and Consistency," Econometrica, Econometric Society, vol. 57(3), pages 589-614, May.
    5. Elisenda Molina & Juan Tejada, 2000. "note: The least square nucleolus is a general nucleolus," International Journal of Game Theory, Springer;Game Theory Society, vol. 29(1), pages 139-142.
    6. Tijs, S., 1981. "Bounds for the core of a game and the t-value," Other publications TiSEM ebc650eb-f25e-4802-ba0b-2, Tilburg University, School of Economics and Management.
    7. Ruiz, Luis M & Valenciano, Federico & Zarzuelo, Jose M, 1996. "The Least Square Prenucleolus and the Least Square Nucleolus. Two Values for TU Games Based on the Excess Vector," International Journal of Game Theory, Springer;Game Theory Society, vol. 25(1), pages 113-134.
    8. Ruiz, Luis M. & Valenciano, Federico & Zarzuelo, Jose M., 1998. "The Family of Least Square Values for Transferable Utility Games," Games and Economic Behavior, Elsevier, vol. 24(1-2), pages 109-130, July.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Wenna Wang & Hao Sun & Rene (J.R.) van den Brink & Genjiu Xu, 2018. "The family of ideal values for cooperative games," Tinbergen Institute Discussion Papers 18-002/II, Tinbergen Institute.
    2. Wenna Wang & Hao Sun & René Brink & Genjiu Xu, 2019. "The Family of Ideal Values for Cooperative Games," Journal of Optimization Theory and Applications, Springer, vol. 180(3), pages 1065-1086, March.
    3. Michel Grabisch & Agnieszka Rusinowska, 2020. "k -additive upper approximation of TU-games," PSE-Ecole d'économie de Paris (Postprint) halshs-02860802, HAL.
    4. Liu, Jia-Cai & Sheu, Jiuh-Biing & Li, Deng-Feng & Dai, Yong-Wu, 2021. "Collaborative profit allocation schemes for logistics enterprise coalitions with incomplete information," Omega, Elsevier, vol. 101(C).
    5. Panfei Sun & Dongshuang Hou & Hao Sun, 2022. "Optimization implementation of solution concepts for cooperative games with stochastic payoffs," Theory and Decision, Springer, vol. 93(4), pages 691-724, November.
    6. Ulrich Faigle & Michel Grabisch, 2014. "Bases and Linear Transforms of Cooperation Systems," Documents de travail du Centre d'Economie de la Sorbonne 14010r, Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne, revised May 2015.
    7. Ulrich Faigle & Michel Grabisch, 2014. "Linear Transforms, Values and Least Square Approximation for Cooperation Systems," Documents de travail du Centre d'Economie de la Sorbonne 14010, Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne.
    8. Llerena, Francesc & Mauri, Llúcia, 2017. "On the existence of the Dutta–Ray’s egalitarian solution," Mathematical Social Sciences, Elsevier, vol. 89(C), pages 92-99.
    9. Ruiz, Luis M. & Valenciano, Federico & Zarzuelo, Jose M., 1998. "The Family of Least Square Values for Transferable Utility Games," Games and Economic Behavior, Elsevier, vol. 24(1-2), pages 109-130, July.
    10. Panfei Sun & Dongshuang Hou & Hao Sun & Theo Driessen, 2017. "Optimization Implementation and Characterization of the Equal Allocation of Nonseparable Costs Value," Journal of Optimization Theory and Applications, Springer, vol. 173(1), pages 336-352, April.
    11. Oishi, Takayuki & Nakayama, Mikio & Hokari, Toru & Funaki, Yukihiko, 2016. "Duality and anti-duality in TU games applied to solutions, axioms, and axiomatizations," Journal of Mathematical Economics, Elsevier, vol. 63(C), pages 44-53.
    12. Gerichhausen, M. & Berkhout, E.D. & Hamers, H.J.M. & Manyong, V.M., 2008. "A Game Theoretic Approach to Analyse Cooperation between Rural Households in Northern Nigeria," Discussion Paper 2008-62, Tilburg University, Center for Economic Research.
    13. Ulrich Faigle & Michel Grabisch, 2019. "Least Square Approximations and Linear Values of Cooperative Game," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-02381231, HAL.
    14. Gerichhausen, M. & Berkhout, E.D. & Hamers, H.J.M. & Manyong, V.M., 2009. "A quantitative framework to analyse cooperation between rural households," Agricultural Systems, Elsevier, vol. 101(3), pages 173-185, July.
    15. Klijn, F. & Slikker, M. & Tijs, S.H. & Zarzuelo, J., 1998. "Characterizations of the Egalitarian Solution for Convex Games," Discussion Paper 1998-33, Tilburg University, Center for Economic Research.
    16. Zhengxing Zou & René Brink & Youngsub Chun & Yukihiko Funaki, 2021. "Axiomatizations of the proportional division value," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 57(1), pages 35-62, July.
    17. Kranich, Laurence, 1997. "Cooperative Games with Hedonic Coalitions," Games and Economic Behavior, Elsevier, vol. 18(1), pages 83-97, January.
    18. Andrea Caggese & Ander Pérez-Orive, 2017. "Capital Misallocation and Secular Stagnation," Finance and Economics Discussion Series 2017-009, Board of Governors of the Federal Reserve System (U.S.).
    19. Calvo, Emilio & Gutiérrez-López, Esther, 2021. "Recursive and bargaining values," Mathematical Social Sciences, Elsevier, vol. 113(C), pages 97-106.
    20. Calleja, Pedro & Llerena, Francesc & Sudhölter, Peter, 2021. "Axiomatizations of Dutta-Ray’s egalitarian solution on the domain of convex games," Journal of Mathematical Economics, Elsevier, vol. 95(C).

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:mathme:v:95:y:2022:i:2:d:10.1007_s00186-022-00781-1. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.