A Geometric Characterisation of the Compromise Value
CentER Discussion Paper No. 2003-88
24 Pages Posted: 25 Jun 2004
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: 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
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