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Solidarity in games with a coalition structure

Emilio Calvo () and Maria Esther Gutierrez ()
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Maria Esther Gutierrez: Universidad del País Vasco/E.H.U

No 810, Discussion Papers in Economic Behaviour from University of Valencia, ERI-CES

Abstract: A new axiomatic characterization of the two-step Shapley value (Kamijo, 2009) is presented based on a solidarity principle of the members of any union: when the game changes due to the addition or deletion of players outside the union, all members of the union will share the same gains/losses.

Keywords: Games; with; a; coalition; structure.; Owen; value.; The; two-step; Shapley; value.; Solidarity. (search for similar items in EconPapers)
JEL-codes: C71 (search for similar items in EconPapers)
Date: 2010-07
New Economics Papers: this item is included in nep-cdm, nep-gth and nep-net
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