The First Steps with Alexia, the Average Lexicographic Value
AbstractThe new value AL for balanced games is discussed, which is based on averaging of lexicographic maxima of the core.Exactifications of games play a special role to find interesting relations of AL with other solution concepts for various classes of games as convex games, big boss games, simplex games etc. Also exactifications are helpful to associate fully defined games to partially defined games and to develop solution concepts there.
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Bibliographic InfoPaper provided by Tilburg University, Center for Economic Research in its series Discussion Paper with number 2005-123.
Date of creation: 2005
Date of revision:
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Web page: http://center.uvt.nl
cooperative games; average lexicographic value; exact games; partially defined games;
Find related papers by JEL classification:
- C71 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Cooperative Games
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- Muto, S. & Nakayama, M. & Potters, J.A.M. & Tijs, S.H., 1988. "On big boss games," Open Access publications from Tilburg University urn:nbn:nl:ui:12-154246, Tilburg University.
- Brânzei, R. & Tijs, S.H., 2001. "Additivity Regions for Solutions in Cooperative Game Theory," Discussion Paper 2001-81, Tilburg University, Center for Economic Research.
- Alparslan-Gok, S.Z. & Brânzei, R. & Tijs, S.H., 2008. "Big Boss Interval Games," Discussion Paper 2008-47, Tilburg University, Center for Economic Research.
- Caprari, E. & Patrone, F. & Pusillo, L. & Tijs, S.H. & Torre, A., 2006. "Share Opportunity Sets and Cooperative Games," Discussion Paper 2006-115, Tilburg University, Center for Economic Research.
- Caprari, E. & Tijs, S.H. & Torre, A., 2008. "Weighted Average Lexicographic Values for Share Sets and Balanced Cooperative Games," Discussion Paper 2008-8, Tilburg University, Center for Economic Research.
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