A Unified Approach To The Myerson Value And The Position Value

Daniel Gómez (), Enrique Gonz{\’a}lez-Arangüena, Conrado Manuel (), Guillermo Owen () and Monica Del Pozo ()

Theory and Decision, 2004, vol. 56, issue 1, 63-76

Abstract: We reconsider the Myerson value and the position value for communication situations. In case the underlying game is a unanimity game, we show that each of these values can be computed using the inclusion--exclusion principle. Linearity of both values permits us to calculate them without needing the dividends of the induced games (graph-restricted game and link game). The expression of these dividends is only derived in the existing literature for special communication situations. Moreover, the associated inclusion--exclusion decomposability property depends on what we have called the graph allocation rule. This rule is the relative degree (relative indicator) for the position value (Myerson value). Copyright Kluwer Academic Publishers 2004

Keywords: Allocation rules; Myerson value; Position value; Inclusion-exclusion decomposability property (search for similar items in EconPapers)
Date: 2004
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Citations: View citations in EconPapers (7)

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DOI: 10.1007/s11238-004-5636-4

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