Title: The Shapley Value for n-Person Games in Generalized Characteristic Function Form
Abstract: This paper is a first study of n-person games in coalitional form in which the characteristic functions are defined on all possible orders in coalitions of players. Such an approach seems to be useful in modeling some economic situations as well as some subtle relations between players in coalitions. Our main objective in this paper is to introduce axiomatically a unique value on the more general class of games indicated above. For the classical cooperative TU games our value coincides with the well-known Shapley value. We also discuss probabilistic values on the space of generalized games.
Publication Year: 1994
Publication Date: 1994-01-01
Language: en
Type: article
Indexed In: ['crossref']
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Cited By Count: 66
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