An axiomatization of the consistent non-transferable utility value
نویسنده
چکیده
The Maschler–Owen consistent value for non-transferable utility games is axiomatized, by means of a marginality axiom. JEL Classification: C7, D7
منابع مشابه
Fuzzy transferable-utility games: a weighted allocation and related results
By considering the supreme-utilities among fuzzy sets and the weights among participants simultaneously, we introduce the supreme-weighted value on fuzzy transferable-utility games. Further, we provide some equivalent relations to characterize the family of all solutions that admit a potential on weights. We also propose the dividend approach to provide alternative viewpoint for the potential a...
متن کاملSergiu Hart a Comparison of Non-transferable Utility
Three values for non-transferable utility games – the Harsanyi NTU-value, the Shapley NTU-value, and the Maschler–Owen consistent NTU-value – are compared in a simple example.
متن کاملA Minimal Test for Convex Games and the Shapley Value
A set of necessary and sufficient conditions for convexity of a transferable utility game in terms of its decomposition into unanimity games is shown to be minimal: none of the conditions is redundant. The result is used to provide an axiomatization of the Shapley value on the set of convex games.
متن کاملA bargaining approach to the Owen value and the Nash solution with coalition structure1
The mechanism by Hart and Mas-Colell (1996) for non-transferable utility (NTU) games is generalized so that a coalition structure among players is taken into account. The new mechanism yields the Owen value for transferable utility (TU) games with coalition structure as well as the consistent value (Maschler and Owen 1989, 1992) for NTU games with trivial coalition structure. Furthermore, we ob...
متن کاملConsistent values and the core in continuum market games with two types of players
The consistent value is an extension of the Shapley value to the class of games with non-transferable utility. In this paper, the consistent value will be characterized for market games with a continuum of players of two types. We will show that for such games the consistent value need not belong to the core, and provide conditions under which there is equivalence between the two concepts.
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
برای دانلود متن کامل این مقاله و بیش از 32 میلیون مقاله دیگر ابتدا ثبت نام کنید
ثبت ناماگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید
ورودعنوان ژورنال:
- Int. J. Game Theory
دوره 33 شماره
صفحات -
تاریخ انتشار 2005