An Extension of the Solidarity Value for Environments with Externalities

Julio Rodríguez-Segura () and Joss Sánchez-Pérez
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Julio Rodríguez-Segura: Facultad de Economa, UASLP, Consejo Estatal de Población (COESPO), San Luis Potosí, México
Joss Sánchez-Pérez: Facultad de Economía, UASLP, Av. Pintores s/n, Col. B. del Estado 78213, San Luis Potosí, México

International Game Theory Review (IGTR), 2017, vol. 19, issue 02, 1-12

Abstract: In this paper, we propose an axiomatic extension for the Solidarity value of Nowak and Radzik [1994] A solidarity value for n-person transferable utility games, Int. J. Game Theor. 23, 43–48] to the class of games with externalities. This value is characterized as the unique function that satisfies linearity, symmetry, efficiency and average nullity. In this context, we discuss a key subject of how to extend the concept of average marginal contribution to settings where externalities are present.

Keywords: Solidarity value; games with externalities; TU games; marginal contribution (search for similar items in EconPapers)
Date: 2017
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DOI: 10.1142/S0219198917500074

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