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Externalities, Potential, Value and Consistency

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Author Info
DUTTA, Bhaskar
EHLERS, Lars
KAR, Anirban

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Abstract

We provide new characterization results for the value of games in partition function form. In particular, we use the potential of a game to de ne the value. We also provide a characterization of the class of values which satis es one form of reduced game consistency.

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File URL: http://hdl.handle.net/1866/2341
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Publisher Info
Paper provided by Universite de Montreal, Departement de sciences economiques in its series Cahiers de recherche with number 2008-06.

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Length: 43 pages
Date of creation: 2008
Date of revision:
Handle: RePEc:mtl:montde:2008-06

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Related research
Keywords: Shaey value; tential; consistency; games in rtition function form;

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  1. Macho-Stadler, Ines & Perez-Castrillo, David & Wettstein, David, 2007. "Sharing the surplus: An extension of the Shapley value for environments with externalities," Journal of Economic Theory, Elsevier, vol. 135(1), pages 339-356, July. [Downloadable!] (restricted)
  2. M. J. Albizuri & J. Arin & J. Rubio, 2005. "An Axiom System For A Value For Games In Partition Function Form," International Game Theory Review (IGTR), World Scientific Publishing Co. Pte. Ltd., vol. 7(01), pages 63-72. [Downloadable!] (restricted)
  3. Geoffroy de Clippel & Roberto Serrano, 2007. "Marginal contributions and externalities in the value," Working Papers 2007-04, Instituto Madrileño de Estudios Avanzados (IMDEA) Ciencias Sociales. [Downloadable!]
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  4. Bolger, E M, 1989. "A Set of Axioms for a Value for Partition Function Games," International Journal of Game Theory, Springer, vol. 18(1), pages 37-44.
  5. Moulin, Herve, 1985. "The separability axiom and equal-sharing methods," Journal of Economic Theory, Elsevier, vol. 36(1), pages 120-148, June. [Downloadable!] (restricted)
  6. Hart, Sergiu & Mas-Colell, Andreu, 1989. "Potential, Value, and Consistency," Econometrica, Econometric Society, vol. 57(3), pages 589-614, May. [Downloadable!] (restricted)
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