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We introduce a new class of values for TU-games (games with transferable utility) with a level structure, called LS-games. A level structure is a hierarchical structure where each level corresponds to a partition of the player set, which becomes increasingly coarse from the trivial partition...
Persistent link: https://www.econbiz.de/10014501386
A new concept for TU-values, called value dividends, is introduced. Similar to Harsanyi dividends, value dividends are defined recursively and provide new characterizations of values from the Harsanyi set. In addition, we generalize the Harsanyi set where each of the TU-values from this set is...
Persistent link: https://www.econbiz.de/10014504539