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The Owen value values friendship

Author

Listed:
  • Gérard Hamiache

    (CERESUR, Centre d'Études et de Recherches Économiques et Sociales de l'Université de La Réunion and GREQAM, Groupement de Recherche en Économie Quantitative d'Aix-Marseille.)

Abstract

This paper presents two new axiomatizations of the Owen value for games with coalition structures. Two associated games are defined and a consistency axiom is required. The construction of the associated games presupposes that coalitions behave in an aggressive manner towards players who are not members of the same unions and in a friendly manner towards players that do belong to their unions. The consistency axiom necessitates the definition of only one associated game which is not a reduced game.

Suggested Citation

  • Gérard Hamiache, 2001. "The Owen value values friendship," International Journal of Game Theory, Springer;Game Theory Society, vol. 29(4), pages 517-532.
    • Handle: RePEc:spr:jogath:v:29:y:2001:i:4:p:517-532
    Note: Received: February 1999/Revised version: January 2000
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    Citations

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    Cited by:

    1. André Casajus, 2010. "Another characterization of the Owen value without the additivity axiom," Theory and Decision, Springer, vol. 69(4), pages 523-536, October.
    2. Gómez-Rúa, María & Vidal-Puga, Juan, 2010. "The axiomatic approach to three values in games with coalition structure," European Journal of Operational Research, Elsevier, vol. 207(2), pages 795-806, December.
    3. André Casajus & Rodrigue Tido Takeng, 2022. "Second-order productivity, second-order payoffs, and the Owen value," Post-Print hal-03798448, HAL.
    4. Albizuri, M.J., 2008. "Axiomatizations of the Owen value without efficiency," Mathematical Social Sciences, Elsevier, vol. 55(1), pages 78-89, January.
    5. André Casajus & Rodrigue Tido Takeng, 2023. "Second-order productivity, second-order payoffs, and the Owen value," Annals of Operations Research, Springer, vol. 320(1), pages 1-13, January.
    6. Gérard Hamiache, 2006. "A value for games with coalition structures," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 26(1), pages 93-105, January.
    7. María Gómez-Rúa & Juan Vidal-Puga, 2014. "Bargaining and membership," TOP: An Official Journal of the Spanish Society of Statistics and Operations Research, Springer;Sociedad de Estadística e Investigación Operativa, vol. 22(2), pages 800-814, July.
    8. Silvia Lorenzo-Freire, 2017. "New characterizations of the Owen and Banzhaf–Owen values using the intracoalitional balanced contributions property," TOP: An Official Journal of the Spanish Society of Statistics and Operations Research, Springer;Sociedad de Estadística e Investigación Operativa, vol. 25(3), pages 579-600, October.
    9. Sergei Dotsenko & Vladimir Mazalov, 2021. "A Cooperative Network Packing Game with Simple Paths," Mathematics, MDPI, vol. 9(14), pages 1-18, July.
    10. Francesc Carreras & María Albina Puente, 2012. "Symmetric Coalitional Binomial Semivalues," Group Decision and Negotiation, Springer, vol. 21(5), pages 637-662, September.

    More about this item

    Keywords

    Owen value · coalition structure · associated game · consistency.;

    JEL classification:

    • C71 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Cooperative Games

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