On egalitarian values for cooperative games with a priori unions

J. M. Alonso-Meijide, J. Costa, I. García-Jurado () and J. C. Gonçalves-Dosantos
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J. M. Alonso-Meijide: Universidade de Santiago de Compostela, Facultade de Ciencias
J. Costa: Universidade da Coruña
I. García-Jurado: Universidade da Coruña
J. C. Gonçalves-Dosantos: Universidade da Coruña

TOP: An Official Journal of the Spanish Society of Statistics and Operations Research, 2020, vol. 28, issue 3, No 7, 672-688

Abstract: Abstract In this paper, we extend the equal division and the equal surplus division values for transferable utility cooperative games to the more general setup of transferable utility cooperative games with a priori unions. In the case of the equal surplus division value we propose three possible extensions. We provide axiomatic characterizations of the new values. Furthermore, we apply the proposed modifications to a particular motivating example and compare the numerical results with those obtained with the original values.

Keywords: Cooperative games; A priori unions; Equal division value; Equal surplus division value; 91A12; 91A80 (search for similar items in EconPapers)
Date: 2020
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Citations: View citations in EconPapers (7)

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DOI: 10.1007/s11750-020-00553-2

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