A Note on Shapleys Convex Measure Games
Fco. Javier Martinez de Albeniz Salas and
Carlos Rafels Pallarola
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Carlos Rafels Pallarola: Universitat de Barcelona
Authors registered in the RePEc Author Service: Javier Martínez-de-Albéniz
No 91, Working Papers in Economics from Universitat de Barcelona. Espai de Recerca en Economia
Abstract:
L. S. Shapley, in his paper Cores of Convex Games, introduces Convex Measure Games, those that are induced by a convex function on R, acting over a measure on the coalitions. But in a note he states that if this function is a function of several variables, then convexity for the function does not imply convexity of the game or even superadditivity. We prove that if the function is directionally convex, the game is convex, and conversely, any convex game can be induced by a directionally convex function acting over measures on the coalitions, with as many measures as players.
JEL-codes: C71 (search for similar items in EconPapers)
Pages: 18 pages
Date: 2002
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Persistent link: https://EconPapers.repec.org/RePEc:bar:bedcje:200291
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