How to share when context matters : The Mobius value as a generalized solution for cooperative games
All quasivalues rest on a set of three basic axioms (efficiency, null player, and additivity), which are augmented with positivity for random order values, and with positivity and partnership for weighted values. We introduce the concept of Möbius value associated with a sharing system and show that this value is characterized by the above three axioms. We then establish that (i) a Möbius value is a random order value if and only if the sharing system is stochastically rationalizable and (ii) a Möbius value is a weighted value if and only if the sharing system satisfies the Luce choice axiom.
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|Date of creation:||Dec 2005|
|Publication status:||Published in Journal of Mathematical Economics, Elsevier, 2005, 41 (8), pp.1007-1029. <10.1016/j.jmateco.2004.12.008>|
|Note:||View the original document on HAL open archive server: https://hal-pjse.archives-ouvertes.fr/halshs-00754051|
|Contact details of provider:|| Web page: https://hal.archives-ouvertes.fr/|
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- repec:cor:louvrp:-1434 is not listed on IDEAS
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