Article ID: | iaor200962753 |
Country: | Singapore |
Volume: | 25 |
Issue: | 5 |
Start Page Number: | 591 |
End Page Number: | 611 |
Publication Date: | Oct 2008 |
Journal: | Asia-Pacific Journal of Operational Research |
Authors: | Hwang Yan-An, Liao Yu-Hsien |
Keywords: | transferable utility |
This paper is devoted to the study of solutions for multi-choice transferable-utility (TU) games which admit a potential, such as the potential associated with a solution in the context of multi-choice TU games. Several axiomatizations of the family of all solutions that admit a potential are offered and, as a main result, it is shown that each of these solutions can be obtained by applying the weighted associated consistent value proposed in this paper to an appropriately modified game. We also characterize the weighted associated consistent value by means of the weighted balanced contributions and the associated consistency.