Value of games with two-layered hypergraphs
Takumi Kongo
Mathematical Social Sciences, 2011, vol. 62, issue 2, 114-119
Abstract:
This paper studies cooperative games with restricted cooperation among players. We define situations in which a priori unions and hypergraphs coexist simultaneously and mutually depend on each other. We call such structures two-layered hypergraphs. Using a two-step approach, we define a value of the games with two-layered hypergraphs. The value is characterized by Owen's coalitional value of hypergraph-restricted games and in terms of weighted Myerson value. Further, our value is axiomatically characterized by component efficiency and a coalition size normalized balanced contributions property.
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:eee:matsoc:v:62:y:2011:i:2:p:114-119
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