6533b832fe1ef96bd129a360

RESEARCH PRODUCT

The multichoice consistent value

Esther GutiérrezJuan Carlos SantosEmilio Calvo

subject

Statistics and ProbabilityEconomics and EconometricsMathematics (miscellaneous)GeneralizationProbabilistic logicNTU games · consistent NTU value · multichoice valueStatistics Probability and UncertaintyValue (mathematics)Mathematical economicsSocial Sciences (miscellaneous)MathematicsInterpretation (model theory)

description

We consider multichoice NTU games, i.e., cooperative NTU games in which players can participate in the game with several levels of activity. For these games, we define and characterize axiomatically the multichoice consistent value, which is a generalization of the consistent NTU value for NTU games and of the multichoice value for multichoice TU games. Moreover, we show that this value coincides with the consistent NTU value of a replicated NTU game and we provide a probabilistic interpretation.

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