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A coalitional compromised solution for cooperative games

Author

Listed:
  • Rong Zou

    (Northwestern Polytechnical University)

  • Genjiu Xu

    (Northwestern Polytechnical University)

  • Wenzhong Li

    (Northwestern Polytechnical University)

  • Xunfeng Hu

    (Guangzhou University)

Abstract

The paper aims to study a kind of revenue allocation system with a guarantee of basic interests, which integrates the egalitarianism with the marginalism. This means that a player’s payoff consists of two parts, the basic interests and the performance-based payoff. In cooperative games with coalition structure setting, the Owen value puts emphasis on the individuals’ marginal contribution, in contrast, the equal coalitional division value (ECD-value) gives priority to the egalitarianism. Through introducing the guarantee coefficient $$\alpha$$ α , we propose the compromised solution which is established as the corresponding convex combination of the Owen value and the ECD-value. We call it $$\alpha$$ α -egalitarian Owen value, as the solution degenerates to the corresponding $$\alpha$$ α -egalitarian Shapley value when the coalition structure is trivial. Furthermore, we provide three approaches to characterize an $$\alpha$$ α -egalitarian Owen value, including axiomatization, potential function and implementation.

Suggested Citation

  • Rong Zou & Genjiu Xu & Wenzhong Li & Xunfeng Hu, 2020. "A coalitional compromised solution for cooperative games," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 55(4), pages 735-758, December.
  • Handle: RePEc:spr:sochwe:v:55:y:2020:i:4:d:10.1007_s00355-020-01262-2
    DOI: 10.1007/s00355-020-01262-2
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    References listed on IDEAS

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    Cited by:

    1. Rong Zou & Wenzhong Li & Marc Uetz & Genjiu Xu, 2023. "Two-step Shapley-solidarity value for cooperative games with coalition structure," OR Spectrum: Quantitative Approaches in Management, Springer;Gesellschaft für Operations Research e.V., vol. 45(1), pages 1-25, March.
    2. Zijun Li & Fanyong Meng, 2023. "The α-Egalitarian Myerson value of games with communication structure," Mathematical Methods of Operations Research, Springer;Gesellschaft für Operations Research (GOR);Nederlands Genootschap voor Besliskunde (NGB), vol. 97(3), pages 311-338, June.
    3. Zijun Li & Fanyong Meng, 2023. "The potential and consistency of the Owen value for fuzzy cooperative games with a coalition structure," Fuzzy Optimization and Decision Making, Springer, vol. 22(3), pages 387-414, September.

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