Three solution concepts for cooperative games with random payoffs are introduced. These are the marginal value, the dividend value and the selector value. Inspiration for their definitions comes from several equivalent formulations of the Shapley value for cooperative TU games. An example shows that these solutionscan all be different for cooperative games with random payoffs. Properties are studied and two characterizations on subclasses of games are provided.
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Paper provided by Tilburg University, Center for Economic Research in its series Discussion Paper with number
73.
Find related papers by JEL classification: C71 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Cooperative Games
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