Search results for " Owen value"

showing 2 items of 2 documents

THE SHAPLEY-SOLIDARITY VALUE FOR GAMES WITH A COALITION STRUCTURE

2013

A value for games with a coalition structure is introduced, where the rules guiding cooperation among the members of the same coalition are different from the interaction rules among coalitions. In particular, players inside a coalition exhibit a greater degree of solidarity than they are willing to use with players outside their coalition. The Shapley value is therefore used to compute the aggregate payoffs for the coalitions, and the solidarity value to obtain the payoffs for the players inside each coalition.

General Computer ScienceCoalitional value Shapley value Owen value Solidarity value C71ComputingMilieux_PERSONALCOMPUTINGMathematicsofComputing_GENERALStructure (category theory)TheoryofComputation_GENERALComputingMethodologies_ARTIFICIALINTELLIGENCEShapley valueSolidarityjel:M2MicroeconomicsCore (game theory)Value (economics)jel:C0Economicsjel:D5Statistics Probability and UncertaintyBusiness and International Managementjel:B4jel:C6jel:D7Mathematical economicsjel:C7International Game Theory Review
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Solidarity in games with a coalition structure

2010

Abstract A new axiomatic characterization of the two-step Shapley value Kamijo (2009) is presented based on a solidarity principle of the members of any union: when the game changes due to the addition or deletion of players outside the union, all members of the union will share the same gains/losses.

jel:C71Games with a coalition structure. Owen value. The two-step Shapley value. Solidarity.Sociology and Political ScienceStructure (category theory)General Social SciencesCharacterization (mathematics)Shapley valueSolidarityEconomia Aspectes psicològicsMicroeconomicsEconomicsStatistics Probability and UncertaintyJocs Teoria deMathematical economicsGeneral PsychologyAxiom
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