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Equal-loss solution for monotonic coalitional games

Author

Listed:
  • Begoña Subiza Martínez

    (Universidad de Alicante)

  • María del Carmen Marco Gil

    (Universidad Politécnica de Cartagena)

Abstract

A new solution concept to monotonic cooperative games with nontransferable utility is introduced. This proposal, called the coalitional equal-loss solution, is based on the idea that players withing a coalition should have equal losses from a point of maximum expectations. The proposal generalizes the rational equal-loss solution defined on the subclass of bargaining problems as well as the Shapley value defined on the subclass of superadditive cooperative games with transferable utility.

Suggested Citation

  • Begoña Subiza Martínez & María del Carmen Marco Gil, 1997. "Equal-loss solution for monotonic coalitional games," Working Papers. Serie AD 1997-06, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
  • Handle: RePEc:ivi:wpasad:1997-06
    as

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    File URL: http://www.ivie.es/downloads/docs/wpasad/wpasad-1997-06.pdf
    File Function: Fisrt version / Primera version, 1997
    Download Restriction: no
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