Owen coalitional value without additivity axiom
- 81 Downloads
We show that the Owen value for TU games with coalition structure can be characterized without the additivity axiom similarly as it was done by Young for the Shapley value for general TU games. Our axiomatization via four axioms of efficiency, marginality, symmetry across coalitions, and symmetry within coalitions is obtained from the original Owen’s one by the replacement of additivity and null-player via marginality. We show that the alike axiomatization for the generalization of the Owen value suggested by Winter for games with level structure is valid as well.
KeywordsCooperative TU game Coalitional structure Owen value Axiomatic characterization Marginality
Unable to display preview. Download preview PDF.
- Kamijo Y (2005) Marginality in cooperative games with coalition structures. Unpublished manuscript, Graduate school of economics. Waseda university, Tokyo, JapanGoogle Scholar
- Owen G (1977) Values of games with a priori unions. In: Henn R, Moeschlin O (eds) Essays in mathematical economics and game theory. Springer, Berlin Heidelberg New York, pp 76–88Google Scholar
- Shapley LS (1953) A value for n-person games. In: Tucker AW, Kuhn HW (eds) Contributions to the theory of games II. Princeton University Press, Princeton, pp 307–317Google Scholar
- Vaźquez-Brage M (1998) Contribuciones a la teoriá del valor en juegos con utilidad transferible. PhD thesis. University of Santiago de Compostela, Spain (in Spanish)Google Scholar