On the axiomatic characterization of the coalitional multinomial probabilistic values
Francesc Carreras () and
María Albina Puente ()
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Francesc Carreras: Universitat Politècnica de Catalunya
María Albina Puente: Universitat Politècnica de Catalunya
TOP: An Official Journal of the Spanish Society of Statistics and Operations Research, 2022, vol. 30, issue 1, No 6, 119-151
Abstract:
Abstract The coalitional multinomial probabilistic values extend the notion of multinomial probabilistic value to games with a coalition structure, in such a way that they generalize the symmetric coalitional binomial semivalues and link and combine the Shapley value and the multinomial probabilistic values. By considering the property of balanced contributions within unions, a new axiomatic characterization is stated for each one of these coalitional values, provided that it is defined by a positive tendency profile, by means of a set of logically independent properties that univocally determine the value. Two applications are also shown: (a) to the Madrid Assembly in Legislature 2015–2019 and (b) to the Parliament of Andalucía in Legislature 2018–2022.
Keywords: (TU) cooperative game; Coalition structure; Shapley value; Multinomial probabilistic value; 91A12 (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:spr:topjnl:v:30:y:2022:i:1:d:10.1007_s11750-021-00603-3
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DOI: 10.1007/s11750-021-00603-3
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