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Axiomatizations of the Owen value without efficiency
Oleh : M.J. Albizuri, ELSEVIER
Dibuat : 2010-08-26, dengan 1 file
Keyword : Axiomatizations, value, efficiency
In this work we employ a simple axiom to provide three characterizations of the Owen value [Owen, G., 1977.Values of gameswith a priori unions. In:Henn, R.,Moeschlin, O. (Eds.), LectureNotes in Economics and Mathematical Systems. Essays in Honor of Oskar Morgenstern. Springer Verlag, Nueva York, pp. 7688] without efficiency which are related to Owen's, Hart and Kurz's [Hart, S., Kurz, M., 1983. Endogenous formation of coalitions. Econometrica 51, 10471064] and Peleg's [Peleg, B., 1989. Introduction to the theory of cooperative games chapter 8 the Shapley value. RM88 Center for Research inMathematical Economics and Game Theory. The Hebrew University, Jerusalem, Israel] characterizations of the Owen value.
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