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Compensating Losses and Sharing Surpluses in Project-Allocation Situations (version 1)

Borm,P.E.M.
; 
Ju,Y.
; 
Ruys,P.H.M.
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.Specific solution concepts are proposed.
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Pagination: 18
Date
2004
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Volume Title
Publisher
Microeconomics
Collections
Tilburg University Research Output Collection
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Keywords
projects, allocation, games, C71 - Cooperative Games, H70 - General
Citation
Borm, P E M, Ju, Y & Ruys, P H M 2004 'Compensating Losses and Sharing Surpluses in Project-Allocation Situations (version 1)' CentER Discussion Paper, vol. 2004-6, Microeconomics, Tilburg.
URI
https://hdl.handle.net/20.500.14602/27135
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