The efficient partition surplus Owen graph value

Erfang Shan (), Jilei Shi () and Wenrong Lyu
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Erfang Shan: Shanghai University
Jilei Shi: Shanghai University
Wenrong Lyu: Shanghai University

Annals of Operations Research, 2023, vol. 320, issue 1, No 14, 379-392

Abstract: Abstract The Owen graph value for games with coalition structure and graph restricted communication was introduced by Vázquez-Brage et al. (Games Econ Behav 12: 42–53, 1996). It has been known that the value satisfies the axiom of component efficiency, requiring that the players of a component share the benefits generated by this component among themselves. In this paper we extend the Owen graph value to an efficient value and we provide axiomatic characterizations of this value.

Keywords: TU-game; Coalition structure; Owen value; Graph; Owen graph value; Efficient extension; 91A12; 91A43; 05C57 (search for similar items in EconPapers)
JEL-codes: C71 D60 (search for similar items in EconPapers)
Date: 2023
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DOI: 10.1007/s10479-022-04968-x

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