The Owen Value Values Friendship

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. Two associated games are defined and a consistency axiom is required. The construction of the associated games presupposes that coalitions behave in an aggressive manner towards players who are not members of the same unions and in a friendly manner towards players that do belong to their unions. The consistency axiom necessitates the definition of only one associated game which is not a reduced game.

Keywords: GAMES (search for similar items in EconPapers)
JEL-codes: C71 (search for similar items in EconPapers)
Pages: 22 pages
Date: 1998
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Journal Article: The Owen value values friendship (2001)
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Persistent link: https://EconPapers.repec.org/RePEc:fth:aixmeq:98a16

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