function with nonpositive externalities whose unique solution is inefficient, as well as a four-player characteristic function … Maskin's insight that externalities may play a crucial role in generating inefficiency. Many existing solutions on how to … share profits assume or derive the property of efficiency. Yet we argue that players may have an interest to choose with …

function with non-positive externalities whose unique solution is inefficient, as well as a four-player characteristic function … Maskins insight that externalities may play a crucial role in generating inefficiency. Many existing solutions on how to share … profits assume or derive the property of efficiency. Yet we argue that players may have an interest to choose with whom to …

Our concern is the extension of the theory of the Shapley value to games with externalities. Using the standard axiom … coalition structures, and provide sufficient conditions for efficiency. …

sufficient conditions for efficiency. -- externalities ; coalition formation ; Shapley value … function with nonpositive externalities whose unique solution is inefficient, as well as a four-player characteristic function … Maskin’s insight that externalities may play a crucial role in generating inefficiency. Many existing solutions on how to …

function with nonpositive externalities whose unique solution is inefficient, as well as a four-player characteristic function … Maskin's insight that externalities may play a crucial role in generating inefficiency. Many existing solutions on how to … share profits assume or derive the property of efficiency. Yet we argue that players may have an interest to choose with …

marginal contributions and externalities. If one requires efficiency for the grand coalition, we provide several results … concerning extensions of the Shapley value. Using the axioms of efficiency, anonymity, marginality and monotonicity, we provide …

coalition structures, and provide sufficient conditions for efficiency. – externalities ; marginal contributions ; Shapley value …Our concern is the extension of the theory of the Shapley value to problems involving externalities. Using the standard …

cooperation in non-cooperative Bayesian games. …