In the present paper we discuss the notion of values for games with coalition structure, applying the approach suggested by Hart and Mas-Colell (1985) concerning the consistency property and the potential function. An axiomatic formulation of the values by this approach leads to two known values for coalition structure, namely, Aumann and Dreze's (1974) generalization of the Shapley value and Owen's (1977) value for games with coalition structure.
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Paper provided by University of Bonn, Germany in its series Discussion Paper Serie A with number
242.
Length: Date of creation: May 1989 Date of revision: Handle: RePEc:bon:bonsfa:242
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