An axiomatic characterization of the position value for network situations

Anne van den Nouweland and Marco Slikker

Mathematical Social Sciences, 2012, vol. 64, issue 3, 266-271

Abstract: Network situations as introduced by Jackson and Wolinsky (1996) incorporate the influence of the architecture of a network rather than just the connectivity it provides and thereby provide a more flexible setting than communication situations, which consist of a game with transferable utility and a network. We characterize the position value for network situations along the lines of the characterization of the Shapley value by Shapley (1953). In contrast to previous attempts to provide such an axiomatization, we require no condition on the underlying network. The reason for this is that we exploit the additional flexibility of network situations.

Date: 2012
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Citations: View citations in EconPapers (21)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:matsoc:v:64:y:2012:i:3:p:266-271

DOI: 10.1016/j.mathsocsci.2012.05.006

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