Pre-kernel as a tractable solutions for cooperative games: An exercise in algorithmic game theory / by Holger Ingmar Meinhardt
Material type:
TextLanguage: English Publication details: New York : Springer, 2014.Description: xxxiii, 242p. : illISBN: - 9783642395482
- B2891 Q4 TOR
| Item type | Current library | Home library | Call number | Status | Barcode | |
|---|---|---|---|---|---|---|
Textbook
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Central Science Library | Central Science Library | B2891 Q4 TOR (Browse shelf(Opens below)) | Available | SL1598017 |
Bibliography 231-234p.; Index 235-242p.
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.
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