6533b82cfe1ef96bd129015a
RESEARCH PRODUCT
The equal collective gains value in cooperative games
Esther Gutiérrez-lópezEmilio Calvo Ramónsubject
Statistics and ProbabilityEconomics and EconometricsProperty (philosophy)media_common.quotation_subjectbalanced collective contributionsUNESCO::CIENCIAS ECONÓMICASSubgame perfect equilibriumreciprocityNegotiationMathematics (miscellaneous)equal collective gainsValue (economics)ENSC valueshapley valueImputation (statistics)Statistics Probability and UncertaintyProductivityMathematical economicsSocial Sciences (miscellaneous)media_commonMathematicsdescription
AbstractThe property of equal collective gains means that each player should obtain the same benefit from the cooperation of the other players in the game. We show that this property jointly with efficiency characterize a new solution, called the equal collective gains value (ECG-value). We introduce a new class of games, the average productivity games, for which the ECG-value is an imputation. For a better understanding of the new value, we also provide four alternative characterizations of it, and a negotiation model that supports it in subgame perfect equilibrium.
| year | journal | country | edition | language |
|---|---|---|---|---|
| 2021-08-10 | International Journal of Game Theory |