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Compensating Losses and Sharing Surpluses in Project-Allocation Situations (version 2)

Author

Listed:
  • Ju, Y.

    (Tilburg University, School of Economics and Management)

  • Ruys, P.H.M.

    (Tilburg University, School of Economics and Management)

  • Borm, P.E.M.

    (Tilburg University, School of Economics and Management)

Abstract

By introducing the notions of projects and shares, this paper studies a class of economic environments, the so-called project-allocation situations, in which society may profit from cooperation, i.e., by reallocating the initial shares of projects among agents.This paper mainly focuses on the associated issues of compensation of losses and surplus sharing arising from the reallocation of projects.For this purpose, we construct and analyze an associated project-allocation game and a related system of games that explicitly models the underlying cooperative process.Speciffic solution concepts are proposed.
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Suggested Citation

  • Ju, Y. & Ruys, P.H.M. & Borm, P.E.M., 2004. "Compensating Losses and Sharing Surpluses in Project-Allocation Situations (version 2)," Other publications TiSEM 1dedb74a-cd24-4a65-b234-d, Tilburg University, School of Economics and Management.
    • Handle: RePEc:tiu:tiutis:1dedb74a-cd24-4a65-b234-daaf0999a2dd
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    References listed on IDEAS

    as
    1. Yuan Ju & Peter Borm & Pieter Ruys, 2007. "The consensus value: a new solution concept for cooperative games," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 28(4), pages 685-703, June.
    2. Curiel, I. & Pederzoli, G. & Tijs, S.H., 1989. "Sequencing games," Other publications TiSEM cd695be5-0f54-4548-a952-2, Tilburg University, School of Economics and Management.
    3. Hamers, H.J.M., 1995. "Sequencing and delivery situations : A game theoretic approach," Other publications TiSEM f2cbf2cf-aa4e-4f9d-b46d-7, Tilburg University, School of Economics and Management.
    4. Moulin, Herve, 1987. "Egalitarian-Equivalent Cost Sharing of a Public Good," Econometrica, Econometric Society, vol. 55(4), pages 963-976, July.
    5. Klijn, F., 2000. "A game theoretic approach to assignment problems," Other publications TiSEM d1d22a76-f7bf-4483-badc-b, Tilburg University, School of Economics and Management.
    6. Tijs, S. H. & Brânzei, R., 2017. "Cost sharing in a joint project," Center for Mathematical Economics Working Papers 336, Center for Mathematical Economics, Bielefeld University.
    7. Curiel, Imma & Pederzoli, Giorgio & Tijs, Stef, 1989. "Sequencing games," European Journal of Operational Research, Elsevier, vol. 40(3), pages 344-351, June.
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    Cited by:

    1. Yuan Ju & Peter Borm & Pieter Ruys, 2007. "The consensus value: a new solution concept for cooperative games," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 28(4), pages 685-703, June.
    2. Yuan Ju & Peter Borm & Pieter Ruys, 2007. "The consensus value: a new solution concept for cooperative games," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 28(4), pages 685-703, June.

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