The Pre-Kernel as a Tractable Solution for Cooperative Games: An Exercise in Algorithmic Game Theory - Couverture souple

Meinhardt, Holger Ingmar Ingmar

Couverture souple

ISBN 10 : 3662513145 ISBN 13 : 9783662513149

Editeur : Springer, 2016

Synopsis

This present book provides an alternative approach to study the pre-kernel solution of transferable utility games based on a generalized conjugation theory from convex analysis. Although the pre-kernel solution possesses an appealing axiomatic foundation that lets one consider this solution concept as a standard of fairness, the pre-kernel and its related solutions are regarded as obscure and too technically complex to be treated as a real alternative to the Shapley value. Comprehensible and efficient computability is widely regarded as a desirable feature to qualify a solution concept apart from its axiomatic foundation as a standard of fairness. We review and then improve an approach to compute the pre-kernel of a cooperative game by the indirect function. The indirect function is known as the Fenchel-Moreau conjugation of the characteristic function. Extending the approach with the indirect function, we are able to characterize the pre-kernel of the grand coalition simply by the solution sets of a family of quadratic objective functions.

A propos du livre

À propos de l'auteur

Dr. Holger Meinhardt is a Senior Research Affiliate at Karlsruhe Institute of Technology (KIT).

Détails de l'édition

• Éditeur: Springer
• Date d'édition: 2016
• Langue: anglais
• ISBN 10: 3662513145
• ISBN 13: 9783662513149
• Reliure: Broché
• Nombre de pages: 276
• Coordonnées du fabricant: GPSR Kontakt; ProductSafety@springernature.com; ; Tiergartenstr. 17; Heidelberg; 69121; Allemagne