Production-inventory games and PMAS-games: Characterizations of the Owen point

Production-inventory games were introduced in [Guardiola, L.A., Meca, A., Puerto, J. (2008). Production-Inventory games: A new class of totally balanced combinatorial optimization games. Games Econom. Behav. doi:10.1016/j.geb.2007.02.003] as a new class of totally balanced combinatorial optimization games. From among all core-allocations, the Owen point was proposed as a specifically appealing solution. In this paper we study some relationships of the class of production-inventory games and other classes of new and known games. In addition, we propose three axiomatic characterizations of the Owen point. We use eight axioms for these characterizations, among those, inessentiality and additivity of players’ demands are used for the first time in this paper. c © 2008 Elsevier B.V. All rights reserved. JEL classification: C71