Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5073055 | Games and Economic Behavior | 2006 | 17 Pages |
Abstract
It is proposed an extension of the Owen's coalitional value so as to consider the possibility that players organize themselves in coalitions that are not necessarily disjoint. This extension is made through a random order approach. To complement this approach we offer a characterization of this value and a heuristic approach similar to the one given by Owen for the coalitional value. Moreover we introduce a second value that can be considered as the dual of the former one, which also extends the coalitional value. Furthermore, we study the stability of the coalition configurations.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
M.J. Albizuri, J. Aurrecoechea, J.M. Zarzuelo,