Second-order productivity, second-order payoffs, and the Owen value

André Casajus and Rodrigue Tido Takeng
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André Casajus: HHL - Handelshochschule Leipzig - Graduate School of Management
Rodrigue Tido Takeng: CREM - Centre de recherche en économie et management - UNICAEN - Université de Caen Normandie - NU - Normandie Université - UR - Université de Rennes - CNRS - Centre National de la Recherche Scientifique

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Abstract: We introduce the concepts of the components' second-order productivities in cooperative games with transferable utility (TU games) with a coalition structure (CS games) and of the components' second-order payoffs for one-point solutions for CS games as generalizations of the players' second-order productivities in TU games and of the players' second-order payoffs for one-point solutions for TU games (Casajus in Discrete Appl Math 304:212-219, 2021). The players' second-order productivities are conceptualized as second-order marginal contributions, that is, how one player affects another player's marginal contributions to coalitions containing neither of them by entering these coalitions. The players' second-order payoffs are conceptualized as the effect of one player leaving the game on the payoff of another player. Analogously, the components' second-order productivities are conceptualized as their second-order productivities in the game between components; the components' second-order payoffs are conceptualized as their second-order payoffs in the game between components. We show that the Owen value is the unique efficient one-point solution for CS games that reflects the players' and the components' second-order productivities in terms of their second-order payoffs.

Keywords: TU game; Shapley value; Owen value; Second-order marginal contributions; Second-order payoffs (search for similar items in EconPapers)
Date: 2022
New Economics Papers: this item is included in nep-gth and nep-upt
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Published in Annals of Operations Research, 2022, ⟨10.1007/s10479-022-04974-z⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-03798448

DOI: 10.1007/s10479-022-04974-z

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