The Owen value values friendship

Gerard Hamiache

International Journal of Game Theory, 2001, vol. 29, issue 4, 517-532

Abstract: This paper presents two new axiomatizations of the Owen value for games with coalition structures. Two associated games are defined and a consistency axiom is required. The construction of the associated games presupposes that coalitions behave in an aggressive manner towards players who are not members of the same unions and in a friendly manner towards players that do belong to their unions. The consistency axiom necessitates the definition of only one associated game which is not a reduced game.

Keywords: Owen; value; ·; coalition; structure; ·; associated; game; ·; consistency. (search for similar items in EconPapers)
Date: 2001-05-04
Note: Received: February 1999/Revised version: January 2000
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Citations: View citations in EconPapers (11)

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Working Paper: The Owen Value Values Friendship (1998)
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