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A note on a value with incomplete communication

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Author Info
Jesús Mario Bilbao () (Universidad de Sevilla)
Nieves Jiménez () (Universidad de Sevilla)
Jorge Jesús López () (Universidad de Sevilla)

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Abstract

The Myerson's models on partial cooperation in cooperative games have been studied extensively by Borm, Owen, Tijs and Myerson. Hamiache proposes a new solution concept for the case in which the communication relations among players are modelled by means of an undirected graph. In this work, we analize this value making some vagueness clear, generalize this value to other models of partial cooperation emphasizing the differences in the generalization and we include some comparative calculations of this value with the Myerson value and the position value.

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Publisher Info
Paper provided by Centro de Estudios Andaluces in its series Economic Working Papers at Centro de Estudios Andaluces with number E2004/55.

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Length: 17 pages
Date of creation: 2004
Date of revision:
Handle: RePEc:cea:doctra:e2004_55

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Related research
Keywords: Cooperative game; Myerson value; position value; consistency.;

Find related papers by JEL classification:
C71 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Cooperative Games

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