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An elementary transfers procedure for sharing the joint surplus in games with externalities/Un procedimiento elemental de transferencias para repartir el excedente conjunto en juegos con externalidades

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  • Joss Erick Sánchez-Pérez

    (Facultad de Economía, Universidad Autónoma de San Luis Potosí)

Abstract

Sánchez-Pérez (2017, Theorem 3) presents an analytic characterization for all solutions for games with externalities that satisfy the axioms of linearity, symmetry, and efficiency. The main goal of this paper is to recast such formulation to a more intuitive interpretation. In particular, we are interested in an interpretation based on the idea of transfers among players.

Suggested Citation

  • Joss Erick Sánchez-Pérez, 2023. "An elementary transfers procedure for sharing the joint surplus in games with externalities/Un procedimiento elemental de transferencias para repartir el excedente conjunto en juegos con externalidade," Estudios Económicos, El Colegio de México, Centro de Estudios Económicos, vol. 38(2), pages 317-332.
    • Handle: RePEc:emx:esteco:v:38:y:2023:i:2:p:317-332
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    References listed on IDEAS

    as
    1. Yuan Ju, 2007. "The Consensus Value For Games In Partition Function Form," International Game Theory Review (IGTR), World Scientific Publishing Co. Pte. Ltd., vol. 9(03), pages 437-452.
    2. M. J. Albizuri & J. Arin & J. Rubio, 2005. "An Axiom System For A Value For Games In Partition Function Form," International Game Theory Review (IGTR), World Scientific Publishing Co. Pte. Ltd., vol. 7(01), pages 63-72.
    3. Kim Hang Pham Do & Henk Norde, 2007. "The Shapley Value For Partition Function Form Games," International Game Theory Review (IGTR), World Scientific Publishing Co. Pte. Ltd., vol. 9(02), pages 353-360.
    4. R. M. Thrall & W. F. Lucas, 1963. "N‐person games in partition function form," Naval Research Logistics Quarterly, John Wiley & Sons, vol. 10(1), pages 281-298, March.
    5. Macho-Stadler, Ines & Perez-Castrillo, David & Wettstein, David, 2007. "Sharing the surplus: An extension of the Shapley value for environments with externalities," Journal of Economic Theory, Elsevier, vol. 135(1), pages 339-356, July.
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    More about this item

    Keywords

    games with externalities; axiomatic solution; transfers procedure;
    All these keywords.

    JEL classification:

    • C71 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Cooperative Games
    • C02 - Mathematical and Quantitative Methods - - General - - - Mathematical Economics
    • C79 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Other

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