AN AXIOM SYSTEM FOR A VALUE FOR GAMES IN PARTITION FUNCTION FORM
M. J. Albizuri (elpalirm@bs.ehu.es),
J. Arin and
J. Rubio
Additional contact information
M. J. Albizuri: Department of Applied Economy IV, Basque Country University, Bilbao, Spain
J. Arin: Department of Foundations of Economic Analysis, Basque Country University, Bilbao, Spain
J. Rubio: Department of Statistics and Econometrics, Basque Country University, Bilbao, Spain
International Game Theory Review (IGTR), 2005, vol. 07, issue 01, 63-72
Abstract:
Lucas and Trall (1963) defined the games in partition function form as a generalization of the cooperative games with transferable utility. In our work we propose by means of an axiomatic characterization a solution for such games in partition function form. This solution will be a generalization of the Shapley value (1953).
Keywords: Games in partition function form; Shapley value; JEL Classification: C71 (search for similar items in EconPapers)
JEL-codes: B4 C0 C6 C7 D5 D7 M2 (search for similar items in EconPapers)
Date: 2005
References: Add references at CitEc
Citations: View citations in EconPapers (49)
Downloads: (external link)
http://www.worldscientific.com/doi/abs/10.1142/S0219198905000405
Access to full text is restricted to subscribers
Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:wsi:igtrxx:v:07:y:2005:i:01:n:s0219198905000405
Ordering information: This journal article can be ordered from
sales@wspc.com.sg
DOI: 10.1142/S0219198905000405
Access Statistics for this article
International Game Theory Review (IGTR) is currently edited by David W K Yeung
More articles in International Game Theory Review (IGTR) from World Scientific Publishing Co. Pte. Ltd.
Bibliographic data for series maintained by Tai Tone Lim (tltai@wspc.com.sg).