Two families of values for global cooperative games

J. M. Alonso-Meijide, M. Álvarez-Mozos (), M. G. Fiestras-Janeiro and A. Jiménez-Losada
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J. M. Alonso-Meijide: Universidade de Santiago de Compostela
M. Álvarez-Mozos: Universitat de Barcelona
M. G. Fiestras-Janeiro: Universidade de Vigo and CITMAGA
A. Jiménez-Losada: Universidad de Sevilla

Economic Theory, 2025, vol. 79, issue 1, No 5, 199 pages

Abstract: Abstract A global (cooperative) game describes the utility that the whole set of players generates depending on the coalition structure they form. These games were introduced by Gilboa and Lehrer (Int J Game Theory 20:129–147, 1991) who proposed and characterized a generalization of the Shapley value. We introduce two families of point valued solutions that contain the Gilboa–Lehrer value. We characterize each family by means of reasonable properties, which are related to the ones used by Gilboa and Lehrer.

Keywords: Global games; Shapley value; Anonymity; Null player property; Lattice; C71; D62 (search for similar items in EconPapers)
Date: 2025
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DOI: 10.1007/s00199-024-01567-8

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