Research output: Contribution to journal › Review article › peer-review
Nonsymmetric values under Hart-Mass-Colell consistency. / Naumova, N. I.
In: International Journal of Game Theory, Vol. 33, No. 4, 01.11.2005, p. 523-534.Research output: Contribution to journal › Review article › peer-review
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TY - JOUR
T1 - Nonsymmetric values under Hart-Mass-Colell consistency
AU - Naumova, N. I.
PY - 2005/11/1
Y1 - 2005/11/1
N2 - Let f be a single valued solution for cooperative TU games that satisfies inessential game property, efficiency, Hart Mas-Colell consistency and for two person games is strictly monotonic and individually unbounded. Then there exists a family of strictly increasing functions associated with players that completely determines f. For two person games, both players have equal differences between their functions at the solution point and at the values of characteristic function of their singletons. This solution for two person games is uniquely extended to n person games due to consistency and efficiency. The extension uses the potential with respect to the family of functions and generalizes potentials introduced by Hart and Mas Colell [6]. The weighted Shapley values, the proportional value described by Ortmann [11], and new values generated by power functions are among these solutions.
AB - Let f be a single valued solution for cooperative TU games that satisfies inessential game property, efficiency, Hart Mas-Colell consistency and for two person games is strictly monotonic and individually unbounded. Then there exists a family of strictly increasing functions associated with players that completely determines f. For two person games, both players have equal differences between their functions at the solution point and at the values of characteristic function of their singletons. This solution for two person games is uniquely extended to n person games due to consistency and efficiency. The extension uses the potential with respect to the family of functions and generalizes potentials introduced by Hart and Mas Colell [6]. The weighted Shapley values, the proportional value described by Ortmann [11], and new values generated by power functions are among these solutions.
KW - Claim problem
KW - Consistency
KW - Potential
KW - Shapley value
UR - http://www.scopus.com/inward/record.url?scp=27644558181&partnerID=8YFLogxK
U2 - 10.1007/s00182-005-0216-6
DO - 10.1007/s00182-005-0216-6
M3 - Review article
AN - SCOPUS:27644558181
VL - 33
SP - 523
EP - 534
JO - International Journal of Game Theory
JF - International Journal of Game Theory
SN - 0020-7276
IS - 4
ER -
ID: 52885875