KONGO, TAKUMI; FUNAKI, YUKIHIKO; BRANZEI, RODICA; TIJS, STEF - In: International Game Theory Review (IGTR) 12 (2010) 04, pp. 417-435
We give a non-cooperative and an axiomatic characterization of the Average Lexicographic value (AL-value) on the class of balanced games. The AL-value is a single-valued solution for balanced TU-games. It is defined as the average of lexicographic maximum of the core of the game with respect to...