Article ID: | iaor20041122 |
Country: | United States |
Volume: | 25 |
Issue: | 4 |
Start Page Number: | 591 |
End Page Number: | 605 |
Publication Date: | Nov 2000 |
Journal: | Mathematics of Operations Research |
Authors: | Haimanko O. |
This paper presents a new unifying approach to the study of nonsymmetric (or quasi-) values of nonatomic and mixed games. A family of path values is defined, using an appropriate generalization of Mertens diagonal formula. A path value possesses the following intuitive description: consider a function (path) gamma attaching to each player a distribution function on [0, 1]. We think of players as arriving randomly and independently to a meeting when the arrival time of a player is distributed according to gamma. Each player's payoff is defined as his marginal contribution to the coalition of players that have arrived earlier. Under certain conditions on a path, different subspaces of mixed games (pNA, pM, bv'FL) are shown to be in the domain of the path value. The family of path values turns out to be very wide – we show that on pNA, pM and their subspaces the path values are essentially the basic construction blocks (extreme points) of quasi-values.