An implementation of the Owen value

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An implementation of the Owen value

We present an implementation of the Owen value (Owen, 1977), inspired by the bidding mechanism introduced by Pérez-Castrillo and Wettstein (2001). The idea is the following: first players of each coalition play the bidding mechanism trying to obtain the resources of the coalition. Later, players who obtained the resources play the bidding mechanism in order to share the surplus.

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15 صفحه اول

The Owen Value of Stochastic Cooperative Game

We consider stochastic cooperative game and give it the definition of the Owen value, which is obtained by extending the classical case. Then we provide explicit expression for the Owen value of the stochastic cooperative game and discuss its existence and uniqueness.

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A comparative axiomatic characterization of the Banzhaf-Owen coalitional value

A compact axiomatic characterization of the modified Banzhaf value for games with a coalition structure (Banzhaf–Owen value, for short) is provided. The axiomatic system used here can be compared with parallel axiomatizations of other coalitional values such as the Owen value or the Alonso–Fiestras value, thus giving arguments to defend the use of one of them that will depend on the context whe...

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ژورنال

عنوان ژورنال: Games and Economic Behavior

سال: 2003

ISSN: 0899-8256

DOI: 10.1016/s0899-8256(03)00043-5