New Axiomatizations of the Owen Value for Games with Coalition Structures

Gerard Hamiache

G.R.E.Q.A.M. from Universite Aix-Marseille III

Abstract: This paper presents two new axiomatizations of the Owen value for games with coalition structures. Other axiomatizations can be found in the literature: Owen (1977), Hart and Kurz (1983), and Winter (1992). The driving force of my axiomatization is a consistency axiom based on an associated game, that is not a reduced game.

Keywords: GAME THEORY; CARTELS (search for similar items in EconPapers)
JEL-codes: C71 (search for similar items in EconPapers)
Pages: 38 pages
Date: 1997
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Journal Article: A new axiomatization of the Owen value for games with coalition structures (1999)
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Persistent link: https://EconPapers.repec.org/RePEc:fth:aixmeq:97a03

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