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The Shapley Value For Partition Function Form Games

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  • KIM HANG PHAM DO

    (Department of Applied and International Economics, Massey University, Private Bag 11 222, Palmerston North, New Zealand)

  • HENK NORDE

    ()
    (Department of Econometrics and Operations Research, and CentER, Tilburg University, P. O. Box 90513, 5000 LE Tilburg, The Netherlands)

Abstract

Different axiomatizations of the Shapley value for TU games can be found in the literature. The Shapley value has been generalized in several ways to the class of games in partition function form. In this paper we discuss another generalization of the Shapley value and provide a characterization.

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Bibliographic Info

Article provided by World Scientific Publishing Co. Pte. Ltd. in its journal International Game Theory Review.

Volume (Year): 09 (2007)
Issue (Month): 02 ()
Pages: 353-360

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Handle: RePEc:wsi:igtrxx:v:09:y:2007:i:02:p:353-360

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Keywords: Partition function form game; Shapley value;

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  1. Zhao, Jingang, 2001. "A characterization for the negative welfare effects of cost reduction in Cournot oligopoly," International Journal of Industrial Organization, Elsevier, vol. 19(3-4), pages 455-469, March.
  2. Bolger, E M, 1989. "A Set of Axioms for a Value for Partition Function Games," International Journal of Game Theory, Springer, vol. 18(1), pages 37-44.
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