Axiomatics of Level Structure Values

Frédéric Chantreuil

Homo Oeconomicus, 2000, vol. 17, 177-191

Abstract: In this paper we develop six values for side payments games when a cooperation description of the players is a priori given. This cooperation description, called a level structure, is made of a sequence of coalition strcutures. Those values are extensions of values such as the Shapley value (1953), Owen's value (1977) and Winter's level structure value (1989).

Date: 2000
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Working Paper: Axiomatics of level structure values (1998)
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