A proportional value for cooperative games with a coalition structure

Frank Huettner ()

Theory and Decision, 2015, vol. 78, issue 2, 273-287

Abstract: We introduce a solution concept for cooperative games with transferable utility and a coalition structure that is proportional for two-player games. Our value is obtained from generalizing a proportional value for cooperative games with transferable utility (Ortmann 2000 ) in a way that parallels the extension of the Shapley value to the Owen value. We provide two characterizations of our solution concept, one that employs a property that can be seen as the proportional analog to Myerson’s balanced contribution property; and a second one that relies on a consistency property. Copyright Springer Science+Business Media New York 2015

Keywords: Shapley value; Owen value; Proportional value; Consistency (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (13)

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DOI: 10.1007/s11238-014-9420-9

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