Externalities, potential, value and consistency

re in Games with Externalities

In the presence of externalities across coalitions, Dutta et al. (2010) characterize their value by extending Hart and Mas-Colell reduced game consistency. In the present paper, we provide a characterization result for the core for games with externalities by extending one form of consistency studied by Moulin (1985), which is often refereed to as the complement-reduced game property. Moreover,...

Steady Marginality: A Uniform Approach to Shapley Value for Games with Externalities

The Shapley value is one of the most important solution concepts in cooperative game theory. In coalitional games without externalities, it allows to compute a unique payoff division that meets certain desirable fairness axioms. However, in many realistic applications where externalities are present, Shapley’s axioms fail to indicate such a unique division. Consequently, there are many extensio...

Using a systemic thinking approach to study externalities of higher education policies: a critique of the paper-based faculty promotion regulations

In recent years, synergistic policies, regulations, and procedures have been developed in higher education that have resulted undesirable outcomes that have led the university to unethical behaviors in the research process. The irregular growth of universities and higher education institutions, changes in regulations of theses and dissertations, paper-based faculties promotion regulations are t...

A testable model of consumption with externalities

This paper presents a nonparametric model of interdependent preferences, where an individual’s consumption may act as an externality on the preferences of other consumers. We assume that individual price consumption data is observed for all consumers. It is known that the general consumption model with externalities imposes few restrictions on the observed data, where the consistency requiremen...

Information And Communication Technology Externalities And Economic Growth In Newly Industrialized Countries