The Owen value values friendship

The Owen value values friendship

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Article ID: iaor20021353
Country: Germany
Volume: 29
Issue: 4
Start Page Number: 517
End Page Number: 532
Publication Date: Jan 2000
Journal: International Journal of Game Theory
Authors:
Abstract:

This paper presents two new axiomatizations of the Owen value for games with coalition structures. Two associated games are defined and a consistency axiom is required. The construction of the associated games pre-supposes that coalitions behave in an aggressive manner towards players who are not members of the same unions and in a friendly manner towards players that do belong to their unions. The consistency axiom necessitates the definition of only one associated game which is not a reduced game.

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