A weighted position value

Amandine Ghintran

No 1008, Working Paper Series from Óbuda University, Keleti Faculty of Business and Management

Abstract: We provide a generalization of the position value (Meessen 1988) that allows players to benefit from transfers of worth by investing in their communication links. The player who invests the most in a communication link obtains a compensation from the second one. We characterize this new allocation rule on the class of communication situations with cycle-free graphs by means of six axioms. The first two axioms, component efficiency and superfluous link property, are used to characterize the position value (Borm, Owen, and Tijs (1992)). Quasi-additivity is a weak version of the standard additivity axiom. Link decomposability captures the fact that the insurance system only allows compensations between players who share a link. Weak positivity states that if the communicative strength of a link is non null, its adjacent players cannot obtain a null payoff. Finally, weak power inversion reflects the compensation mechanism.

Keywords: Weighted position value; Monotonicity; Weighted position value; Monotonicity (search for similar items in EconPapers)
Pages: 24 pages
Date: 2010
New Economics Papers: this item is included in nep-gth
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
http://uni-obuda.hu/users/vecseya/RePEc/pkk/wpaper/1008.pdf Manuscript, 2010 (application/pdf)
Our link check indicates that this URL is bad, the error code is: 404 Not Found (http://uni-obuda.hu/users/vecseya/RePEc/pkk/wpaper/1008.pdf [301 Moved Permanently]--> https://uni-obuda.hu/users/vecseya/RePEc/pkk/wpaper/1008.pdf)

Related works:
Journal Article: Weighted position values (2013)
Working Paper: A weighted position value (2013)
Working Paper: A weighted position value (2010)
Working Paper: A weighted position value (2009)
Working Paper: A weighted position value (2008)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pkk:wpaper:1008.rdf

Access Statistics for this paper

More papers in Working Paper Series from Óbuda University, Keleti Faculty of Business and Management Contact information at EDIRC.
Bibliographic data for series maintained by Alexandra Vécsey ( this e-mail address is bad, please contact ).