A generalization of the Harsanyi NTU value to games with incomplete information

Andrés Salamanca Lugo ()

International Journal of Game Theory, 2020, vol. 49, issue 1, No 9, 195-225

Abstract: Abstract In this paper, we introduce a solution concept generalizing the Harsanyi non-transferable utility (NTU) value to cooperative games with incomplete information. The so-defined S-solution is characterized by virtual utility scales that extend the Harsanyi-Shapley fictitious weighted-utility transfer procedure. We construct a three-player cooperative game in which Myerson’s (Int J Game Theory 13(2):69–96, 1984a) generalization of the Shapley NTU value does not capture some “negative” externality generated by the adverse selection. However, when we explicitly compute the S-solution in this game, it turns out that it prescribes a more intuitive outcome which takes into account the above mentioned informational externality.

Keywords: Cooperative games; Incomplete information; Virtual utility (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://link.springer.com/10.1007/s00182-019-00686-0 Abstract (text/html)
Access to the full text of the articles in this series is restricted.

Related works:
Working Paper: A Generalization of the Harsanyi NTU Value to Games with Incomplete Information (2018)
Working Paper: A Generalization of the Harsanyi NTU Value to Games with Incomplete Information (2016)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:jogath:v:49:y:2020:i:1:d:10.1007_s00182-019-00686-0

Ordering information: This journal article can be ordered from
http://www.springer. ... eory/journal/182/PS2

DOI: 10.1007/s00182-019-00686-0

Access Statistics for this article

International Journal of Game Theory is currently edited by Shmuel Zamir, Vijay Krishna and Bernhard von Stengel

More articles in International Journal of Game Theory from Springer, Game Theory Society
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().