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The axiomatic approach to three values in games with coalition structure

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  • Gómez-Rúa, María
  • Vidal-Puga, Juan

Abstract

We study three values for transferable utility games with coalition structure, including the Owen coalitional value and two weighted versions with weights given by the size of the coalitions. We provide three axiomatic characterizations using the properties of Efficiency, Linearity, Independence of Null Coalitions, and Coordination, with two versions of Balanced Contributions inside a Coalition and Weighted Sharing in Unanimity Games, respectively.

Suggested Citation

  • Gómez-Rúa, María & Vidal-Puga, Juan, 2008. "The axiomatic approach to three values in games with coalition structure," MPRA Paper 8904, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:8904
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    References listed on IDEAS

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    Keywords

    coalition structure; coalitional value;

    JEL classification:

    • C7 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory

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