On values for generalized characteristic functions

On values for generalized characteristic functions

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Article ID: iaor19982922
Country: Germany
Volume: 19
Issue: 3
Start Page Number: 229
End Page Number: 234
Publication Date: Jan 1997
Journal: OR Spektrum
Authors: ,
Abstract:

In this work we study a new generalization for the Shapley value. We consider games in coalitional form in which the characteristic function is defined on all possible orders. These games are useful to model some economic situations. Different axiomatic characterizations are found for the new value using marginality, balanced contributions, the potential and the consistency property.

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