Bayer, Péter and Mágó, Mánuel László (2026) Uncertain participation. Working Paper. Corvinus University of Budapest, Budapest.
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Abstract
We introduce participation uncertainty to the theory of cooperative TUgames. Under participation uncertainty, each coalition’s effective value is an expected value taken over the (full) value of its subsets. We identify ‘constant-marginal’ participation as a key property for various economic problems to be well-behaved. This class of uncertainty environments is closed for mixing and composition. Under this property, solution concepts are easily calculate, two-sided markets clear and are insurable, and voting power under uncertain participation can be characterized and efficiently computed.
| Item Type: | Monograph (Working Paper) |
|---|---|
| Series Name: | Corvinus Economics Working Papers - CEWP |
| Series Number / Identification Number: | 2026/02 |
| Uncontrolled Keywords: | cooperative games, participation uncertainty, matching markets, voting power, overselling |
| JEL classification: | C71 - Cooperative Games C72 - Noncooperative Games D51 - Exchange and Production Economies D72 - Analysis of Collective Decision-Making: Political Processes: Rent-Seeking, Lobbying, Elections, Legislatures, and Voting Behavior D81 - Information, Knowledge, and Uncertainty: Criteria for Decision-Making under Risk and Uncertainty |
| Divisions: | Institute of Economics |
| Subjects: | Mathematics, Econometrics |
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| ID Code: | 13243 |
| Deposited By: | A H |
| Deposited On: | 26 Aug 2026 15:08 |
| Last Modified: | 26 Aug 2026 15:27 |
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