Borm, Peter; Ju, Yuan; Wettstein, David - In: Journal of Economic Theory 157 (2015) C, pp. 236-254
This paper provides a flexible strategic framework to analyze bargaining and values in environments with coalitional externalities. Within this framework we propose a new value that extends the Shapley value to partition function form games, the so-called Rational Belief Shapley (RBS) value. We...