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Potential approach and characterizations of a Shapley value in multi-choice games

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Author Info
Hwang, Yan-An
Liao, Yu-Hsien
Abstract

The main focus of this paper is on the restricted Shapley value for multi-choice games introduced by Derks and Peters [Derks, J., Peters, H., 1993. A Shapley value for games with restricted coalitions. International Journal of Game Theory 21, 351-360] and studied by Klijn et al. [Klijn, F., Slikker, M., Zazuelo, J., 1999. Characterizations of a multi-choice value. International Journal of Game Theory 28, 521-532]. We adopt several characterizations from TU game theory and reinterpret them in the framework of multi-choice games. We generalize the potential approach and show that this solution can be formulated as the vector of marginal contributions of a potential function. Also, we characterize the family of all solutions for multi-choice games that admit a potential. Further, a consistency result is reported.

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Publisher Info
Article provided by Elsevier in its journal Mathematical Social Sciences.

Volume (Year): 56 (2008)
Issue (Month): 3 (November)
Pages: 321-335
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Handle: RePEc:eee:matsoc:v:56:y:2008:i:3:p:321-335

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Web page: http://www.elsevier.com/locate/inca/505565

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Related research
Keywords: Multi-choice games Shapley value Potential Consistency;

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