ON THE SEMIVALUES AND THE POWER CORE OF COOPERATIVE TU GAMES

Irinel Dragan () and Juan Enrique Martinez-Legaz
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Irinel Dragan: University of Texas at Arlington, Department of Mathematics, Arlington, 76019-0408, USA

International Game Theory Review (IGTR), 2001, vol. 03, issue 02n03, 127-139

Abstract: A weighted average worth per capita formula is presented for any semivalue of a TU game. Further, this formula is used to derive a characterisation of the class of games with the property that a given semivalue belongs to the power core of the game, by means of a linear system of inequalities. It is shown that for the Shapley value, the only efficient semivalue, this system reduces to the system already obtained by Inarra and Usategui. The potential approach is also used even for the more general case of values possessing a potential. A direct proof shows that for a value possessing a potential, the value of a game is in the power core relative to this value, if and only if the potential game is weak average convex. From this result, it follows that for a game and each of its subgames the value possessing a potential is in the corresponding power cores, if and only if the potential game relative to the value is average convex. This is an extension of the result obtained by Marin–Solano and Rafels for the Shapley value, proved by using the dividend form of the game.

JEL-codes: B4 C0 C6 C7 D5 D7 M2 (search for similar items in EconPapers)
Date: 2001
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DOI: 10.1142/S0219198901000324

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