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The position value for union stable systems

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  • Algaba, A.
  • Bilbao, J.M.
  • Borm, P.E.M.

    (Tilburg University, School of Economics and Management)

  • Lopez, J.

Abstract

In this paper, we study the position value for games in which partial cooperation exist, that is based on a union stable coalition system. The concept of basis is introduced for these systems, allowing for a definition of the position value. Moreover, an axiomatic characterization of the position value is provided for a specific class of union stable systems. Conditions under which convexity is inherited from the underlying game to the conference game, and the position value is a core vector of the restricted game are provided. Copyright Springer-Verlag Berlin Heidelberg 2000
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Suggested Citation

  • Algaba, A. & Bilbao, J.M. & Borm, P.E.M. & Lopez, J., 2000. "The position value for union stable systems," Other publications TiSEM f7ea939d-770c-43ed-92ae-1, Tilburg University, School of Economics and Management.
  • Handle: RePEc:tiu:tiutis:f7ea939d-770c-43ed-92ae-1c550ac769ad
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    1. van de Klundert, T.C.M.J., 1998. "Economic Development in Europe : 1960-1996," Research Memorandum 761, Tilburg University, School of Economics and Management.
    2. Potters, Jos & Reijnierse, Hans, 1995. "Gamma-Component Additive Games," International Journal of Game Theory, Springer;Game Theory Society, vol. 24(1), pages 49-56.
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