Compensating Losses and Sharing Surpluses in Project-Allocation Situations (version 2)

Research output: Working paperDiscussion paperOther research output

281 Downloads (Pure)

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.Speciffic solution concepts are proposed.
Original languageEnglish
Place of PublicationTilburg
PublisherMicroeconomics
Number of pages20
Volume2004-37
Publication statusPublished - 2004

Publication series

NameCentER Discussion Paper
Volume2004-37

Keywords

  • allocation
  • games
  • projects
  • cooperation

Fingerprint Dive into the research topics of 'Compensating Losses and Sharing Surpluses in Project-Allocation Situations (version 2)'. Together they form a unique fingerprint.

  • Cite this