Sharing the surplus in games with externalities within and across issues
AbstractWe consider environments in which agents can cooperate on multiple issues and externalities are present both within and across issues. We propose a way to extend (Shapley) values that have been put forward to deal with externalities within issues to games where there are externalities within and across issues. We characterize our proposal through axioms that extend the Shapley axioms to our more general environment.
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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 880.11.
Date of creation: 01 Aug 2011
Date of revision:
externalities; cooperative game theory; Shapley value; linked issues.;
Other versions of this item:
- Effrosyni Diamantoudi & Inés Macho-Stadler & David Pérez-Castrillo & Licun Xue, 2011. "Sharing the surplus in games with externalities within and across issues," Working Papers 569, Barcelona Graduate School of Economics.
- C71 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Cooperative Games
- D62 - Microeconomics - - Welfare Economics - - - Externalities
This paper has been announced in the following NEP Reports:
- NEP-ALL-2011-09-16 (All new papers)
- NEP-GTH-2011-09-16 (Game Theory)
- NEP-HPE-2011-09-16 (History & Philosophy of Economics)
- NEP-MIC-2011-09-16 (Microeconomics)
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.:
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