Probabilistic values for bicooperative games

Jesús Bilbao (), Julio R. Fernández (), Nieves Jiménez () and Jorge Jesús López ()
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Julio R. Fernández: Universidad de Sevilla, http://investigacion.us.es/sisius/sis_showpub.php?idpers=337
Nieves Jiménez: Universidad de Sevilla, http://investigacion.us.es/sisius/sis_showpub.php?idpers=1177
Jorge Jesús López: Universidad de Sevilla, http://investigacion.us.es/sisius/sis_showpub.php?idpers=1179

No E2004/54, Economic Working Papers at Centro de Estudios Andaluces from Centro de Estudios Andaluces

Abstract: The present paper develops some general conditions under which we analize the bicooperative games introduced by Bilbao (2000). We define the probabilistic values for these games and observe in detail the axioms that characterize such values. Following the work of Weber (1988), these axioms are sequentially introduced observing how they have repercussions on the probabilistic value expression. Also, we introduce the compatible-order values and show the relationship between these values and the efficiency values such that their components are probabilistic values.

Keywords: Bicooperative games; Probabilistic values; Compatible-order values (search for similar items in EconPapers)
JEL-codes: C71 (search for similar items in EconPapers)
Pages: 22 pages
Date: 2004
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:cea:doctra:e2004_54

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