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

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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.
Original languageEnglish
Place of PublicationTilburg
PublisherMicroeconomics
Number of pages18
Volume2004-6
Publication statusPublished - 2004

Publication series

NameCentER Discussion Paper
Volume2004-6

Fingerprint

Surplus sharing
Economic environment
Reallocation
Profit
Solution concepts

Keywords

  • projects
  • allocation
  • games

Cite this

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). Tilburg: Microeconomics.
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Borm, PEM, Ju, Y & Ruys, PHM 2004 'Compensating Losses and Sharing Surpluses in Project-Allocation Situations (version 1)' CentER Discussion Paper, vol. 2004-6, Microeconomics, Tilburg.

Compensating Losses and Sharing Surpluses in Project-Allocation Situations (version 1). / Borm, P.E.M.; Ju, Y.; Ruys, P.H.M.

Tilburg : Microeconomics, 2004. (CentER Discussion Paper; Vol. 2004-6).

Research output: Working paperDiscussion paperOther research output

TY - UNPB

T1 - Compensating Losses and Sharing Surpluses in Project-Allocation Situations (version 1)

AU - Borm, P.E.M.

AU - Ju, Y.

AU - Ruys, P.H.M.

N1 - Pagination: 18

PY - 2004

Y1 - 2004

N2 - 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.

AB - 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.

KW - projects

KW - allocation

KW - games

M3 - Discussion paper

VL - 2004-6

T3 - CentER Discussion Paper

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

PB - Microeconomics

CY - Tilburg

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