Asymmetric players in the Solidarity and Shapley values
Emilio Calvo () and
Esther Gutiérrez-López ()
Additional contact information
Esther Gutiérrez-López: Departamento de Economía Aplicada IV. Universidad del País Vasco U.P.V./E.H.U.
No 217, Discussion Papers in Economic Behaviour from University of Valencia, ERI-CES
We present a general bargaining protocol between n players in the setting of coalitional games with transferable utility. We consider asymmetric players. They are endowed with di¤erent probabilities of being chosen as proposers and with di¤erent probabilities of leaving the game if o¤ers are rejected. Two particular speci…cations of this bargaining protocol yield equilibrium proposals that we refer to as weighted solidarity values and weighted Shapley values. We compare the behavior of these values when the players’ probabilities are changed. We supplement the analysis with axiomatic characterizations of both values.
Keywords: n-person bargaining; transferable utility games; asymmetric players; solidarity value; Shapley value. (search for similar items in EconPapers)
JEL-codes: C71 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-gth, nep-hpe, nep-mic and nep-upt
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:dbe:wpaper:0217
Access Statistics for this paper
More papers in Discussion Papers in Economic Behaviour from University of Valencia, ERI-CES Contact information at EDIRC.
Bibliographic data for series maintained by Emilio Calvo Ramón ().