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A Marginalistic Value for Monotonic Set Games

Author

Listed:
  • Yukihiko Funaki

    (Faculty of Economics, Tokyo University, Oka 2-11-10, Asaka-shi, Saitama 351, Japan)

  • Kees Hoede

    (Faculty of Applied Mathematics, University of Twente P.O. Box 217, 7500 AE Enschede, The Netherlands)

  • Harry Aarts

    (Faculty of Applied Mathematics, University of Twente P.O. Box 217, 7500 AE Enschede, The Netherlands)

Abstract

In this paper we characterize a value, called a marginalistic value, for monotonic set games, which can be considered to be the analog of the Shapley value for TU-games. For this characterization we use a modification of the strong monotonicity axiom of Young, but the proof is rather different from his.

Suggested Citation

  • Yukihiko Funaki & Kees Hoede & Harry Aarts, 1997. "A Marginalistic Value for Monotonic Set Games," International Journal of Game Theory, Springer;Game Theory Society, vol. 26(1), pages 97-111.
  • Handle: RePEc:spr:jogath:v:26:y:1997:i:1:p:97-111
    Note: Received November 1993
    as

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