Conditions for the uniqueness of the Gately point for cooperative games

Jochen Staudacher and Johannes Anwander

Papers from arXiv.org

Abstract: We are studying the Gately point, an established solution concept for cooperative games. We point out that there are superadditive games for which the Gately point is not unique, i.e. in general the concept is rather set-valued than an actual point. We derive conditions under which the Gately point is guaranteed to be a unique imputation and provide a geometric interpretation. The Gately point can be understood as the intersection of a line defined by two points with the set of imputations. Our uniqueness conditions guarantee that these two points do not coincide. We provide demonstrative interpretations for negative propensities to disrupt. We briefly show that our uniqueness conditions for the Gately point include quasibalanced games and discuss the relation of the Gately point to the $\tau$-value in this context. Finally, we point out relations to cost games and the ACA method and end upon a few remarks on the implementation of the Gately point and an upcoming software package for cooperative game theory.

Date: 2019-01
New Economics Papers: this item is included in nep-gth
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Citations: View citations in EconPapers (4)

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