The Chi-Compromise Value For Non-Transferable Utility Games
AbstractWe introduce a compromise value for non-transferable utility games: the Chi-compromise value. It is closely related to the Compromise value introduced by Borm, Keiding, McLean, Oortwijn, and Tijs (1992), to the MC-value introduced by Otten, Borm, Peleg, and Tijs (1998), and to the Î©-value introduced by BergantiÃ±os, Casas-MÃ©ndez, and VÃ¡zquez-Brage (2000). The main difference being that the maximal aspiration a player may have in the game is his maximal (among all coalitions) marginal contribution. We show that it is well defined on the class of totally essential and non-level games. We propose an extensive-form game whose subgame perfect Nash equilibrium payoffs coincide with the Chi-compromise value. Copyright Springer-Verlag Berlin Heidelberg 2002
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Bibliographic InfoPaper provided by Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC) in its series UFAE and IAE Working Papers with number 456.00.
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Other versions of this item:
- Gustavo Bergantiños & Jordi Massó, 2002. "The Chi-compromise value for non-transferable utility games," Computational Statistics, Springer, vol. 56(2), pages 269-286, November.
- NEP-ALL-2000-07-03 (All new papers)
- NEP-GTH-2000-07-03 (Game Theory)
- NEP-IND-2000-07-03 (Industrial Organization)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Borm, P.E.M. & Keiding, H. & McLean, R.P. & Oortwijn, S. & Tijs, S.H., 1992.
"The compromise value for NTU-games,"
1992-18, Tilburg University, Center for Economic Research.
- Borm, P. & Keiding, H. & McLean, R.P., 1992. "The Compromise Value for NTU-Games," Papers 9218, Tilburg - Center for Economic Research.
- Borm, P.E.M. & Keiding, H. & McLean, R.P. & Oortwijn, S. & Tijs, S.H., 1992. "The compromise value for NTU-games," Open Access publications from Tilburg University urn:nbn:nl:ui:12-154213, Tilburg University.
- Sergiu Hart & Andreu Mas-Colell, 1994.
"Bargaining and value,"
Economics Working Papers
114, Department of Economics and Business, Universitat Pompeu Fabra, revised Feb 1995.
- Aumann, Robert J, 1985. "An Axiomatization of the Non-transferable Utility Value," Econometrica, Econometric Society, vol. 53(3), pages 599-612, May.
- Otten, G.J.M. & Borm, P.E.M. & Peleg, B. & Tijs, S.H., 1998.
"The MC-value for monotonic NTU-games,"
Open Access publications from Tilburg University
urn:nbn:nl:ui:12-77114, Tilburg University.
- Hart, Sergiu & Kurz, Mordecai, 1983. "Endogenous Formation of Coalitions," Econometrica, Econometric Society, vol. 51(4), pages 1047-64, July.
- Shapley, Lloyd S. & Shubik, Martin, 1969. "On market games," Journal of Economic Theory, Elsevier, vol. 1(1), pages 9-25, June.
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