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The Shapley Value, The Owen Value, And The Veil Of Ignorance

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  • ANDRÉ CASAJUS

    ()
    (HHL Leipzig Graduate School of Management, Jahnallee 59, D-04109 Leipzig, Germany; Wirtschaftswissenschaftliche Fakultät, Universität Leipzig, PF 100920, D-04009 Leipzig, Germany)

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    Abstract

    We show that the Owen value for TU games with a cooperation structure extends the Shapley value in a consistent way. In particular, the Shapley value is the expected Owen value for all symmetric distributions on the partitions of the player set. Similar extensions of the Banzhaf value do not show this property.

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    Bibliographic Info

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

    Volume (Year): 11 (2009)
    Issue (Month): 04 ()
    Pages: 453-457

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    Handle: RePEc:wsi:igtrxx:v:11:y:2009:i:04:p:453-457

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    Related research

    Keywords: Shapley value; Owen value; Banzhaf value; extension; consistency; C71;

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    Cited by:
    1. Maria Ekes, 2013. "Application of Generalized Owen Value for Voting Games in Partition Function Form," Collegium of Economic Analysis Annals, Warsaw School of Economics, Collegium of Economic Analysis, issue 32, pages 43-53.

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