Benefit sharing in holding situations

Benefit sharing in holding situations

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Article ID: iaor2006312
Country: Netherlands
Volume: 162
Issue: 1
Start Page Number: 251
End Page Number: 269
Publication Date: Apr 2005
Journal: European Journal of Operational Research
Authors: , ,
Abstract:

A situation is studied where one agent has available an amount of storage facility and the other agents have some goods, part of which can be stored generating benefits. The problem of sharing the benefits produced by full cooperation between agents is tackled in this paper, by introducing a related cooperative game. This game turns out to be a big boss game with interesting theoretical properties. A solution concept, relying on optimal storage plans and associated holding prices, is also introduced, and its relationship with the core of the above holding game is explored in detail. The family of monotonic decreasing bijective mappings, defined on the set of non-negative real numbers, plays an important role in our approach.

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