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We show that the Owen value for TU games with coalition structure can be characterized without the additivity axiom similarly as it was done by Young for the Shapley value for general TU games. Our axiomatization via four axioms of efficiency, marginality, symmetry across coalitions, and...
Persistent link: https://www.econbiz.de/10010950274
A game with restricted cooperation is a triple (N,v,Ω), where N is a finite set of players, Ω⊂2N is a nonempty collection of feasible coalitions such that N∈Ω, and v:Ω→R is a characteristic function. The definition implies that if Ω=2N, then the game (N,v,Ω)=(N,v) is the classical...
Persistent link: https://www.econbiz.de/10011065138
Persistent link: https://www.econbiz.de/10005929910
One of the important properties characterizing cooperative game solutions is consistency. This notion establishes connections between the solution vectors of a cooperative game and those of its reduced game. The last one is obtained from the initial game by removing one or more players and by...
Persistent link: https://www.econbiz.de/10005755680
Persistent link: https://www.econbiz.de/10005175459
For cooperative games with transferable utilities (TU games) excess functions e : R2 ! R1 whose values e(x(S); v(S)); S N are relative negative utilities of coalitions S with respect to their payos x(S) = Pi2S xi are dened. The excess values for the class of two-person games are dened as those...
Persistent link: https://www.econbiz.de/10010717774
The egalitarian solution for the class of convex TU games was defined by Dutta and Ray [1989] and axiomatized by Dutta 1990. An extension of this solution — the egalitarian split-off set (ESOS) — to the class of non-levelled NTU games is proposed. On the class of TU games it coincides with...
Persistent link: https://www.econbiz.de/10009018945
A collection of TU games solutions intermediate between the prekernel and the prenucleolus is considered. Each solution from the collection is parametrized by a positive integer k 1 and is called the k-prekernel for properties extending those verifying by the prekernel such that the 2-prekernel...
Persistent link: https://www.econbiz.de/10013143113
For the class of cooperative games with transferable utilities an excess function e is defined as a function of two variables increasing in the first variable and decreasing in the first one such that given a TU game (N,v) , a coalition S, and a payoff vector x, the value e(v(S), x(S)) is a...
Persistent link: https://www.econbiz.de/10013111369
This paper examines several monotonicity properties of value-type interval solutions on the class of convex interval games and focuses on the Dutta-Ray (DR) solution for such games. Well known properties for the classical DR solution are extended to the interval setting. In particular, it is...
Persistent link: https://www.econbiz.de/10012722411