The permission-Owen value: axiomatization and application to liability situations

Takaaki Abe (), David Lowing (), Satoshi Nakada () and Kevin Techer ()
Additional contact information
Takaaki Abe: Kyushu University
David Lowing: University of Paris-Saclay
Satoshi Nakada: Tokyo University of Science
Kevin Techer: Université Marie et Louis Pasteur, CRESE (UR 3190)

International Journal of Game Theory, 2025, vol. 54, issue 1, No 25, 29 pages

Abstract: Abstract This paper introduces a novel framework for transferable utility games that incorporates permission relationships between a priori unions of players. This framework is particularly well-suited for modeling liability situations where groups of individuals cause harm through a series of wrongful actions. We propose the permission-Owen value, a new allocation rule that merges the (conjunctive) permission value with the Owen value, and apply it to these liability situations. Finally, we provide several axiomatic characterizations of the permission-Owen value, grounded in principles of marginality and fairness.

Keywords: Cooperative game theory; Permission value; Owen value; Liability situations (search for similar items in EconPapers)
JEL-codes: C71 D61 D63 (search for similar items in EconPapers)
Date: 2025
References: Add references at CitEc
Citations:

Downloads: (external link)
http://link.springer.com/10.1007/s00182-025-00946-2 Abstract (text/html)
Access to the full text of the articles in this series is restricted.

Related works:
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:54:y:2025:i:1:d:10.1007_s00182-025-00946-2

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

DOI: 10.1007/s00182-025-00946-2

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 ().