A Geometric Characterisation of the Compromise Value

CentER Discussion Paper No. 2003-88

24 Pages Posted: 25 Jun 2004

See all articles by Julio Gonzalez Diaz

Julio Gonzalez Diaz

University of Santiago de Compostela - Department of Statistics and Operations Research; Autonomous University of Barcelona - Department of Economics and Economic History

Peter Borm

Tilburg University - Center for Economic Research (CentER); Tilburg University - Department of Econometrics & Operations Research

Ruud Hendrickx

Tilburg University - Center for Economic Research (CentER)

Marieke Quant

Tilburg University - Department of Econometrics & Operations Research

Date Written: 2003

Abstract

In this paper, we characterize the compromise value of a game as the barycentre of the edges of its core cover. For this, we introduce the value, which extends the adjusted proportional rule for bankruptcy situations and coincides with the compromise value on a large class of games.

Keywords: Geometry, games, bankruptcy, core

Suggested Citation

Gonzalez Diaz, Julio and Borm, Peter E. M. and Hendrickx, Ruud and Quant, Marieke, A Geometric Characterisation of the Compromise Value (2003). CentER Discussion Paper No. 2003-88, Available at SSRN: https://ssrn.com/abstract=556567 or http://dx.doi.org/10.2139/ssrn.556567

Julio Gonzalez Diaz

University of Santiago de Compostela - Department of Statistics and Operations Research ( email )

Santiago de Compostela, 15706
Spain

Autonomous University of Barcelona - Department of Economics and Economic History ( email )

Edifici B - Campus Bellaterra
Barcelona, 08193
Spain

Peter E. M. Borm (Contact Author)

Tilburg University - Center for Economic Research (CentER) ( email )

P.O. Box 90153
Tilburg, 5000 LE
Netherlands

Tilburg University - Department of Econometrics & Operations Research

Tilburg, 5000 LE
Netherlands

Ruud Hendrickx

Tilburg University - Center for Economic Research (CentER) ( email )

P.O. Box 90153
Tilburg, 5000 LE
Netherlands

Marieke Quant

Tilburg University - Department of Econometrics & Operations Research ( email )

Tilburg, 5000 LE
Netherlands

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