Values for environments with externalities – The average approach

B-Tier
Journal: Games and Economic Behavior
Year: 2018
Volume: 108
Issue: C
Pages: 49-64

Score contribution per author:

0.670 = (α=2.01 / 3 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

We propose the “average approach,” where the worth of a coalition is a weighted average of its worth for different partitions of the players' set, as a unifying method to extend values for characteristic function form games. Our method allows us to extend the equal division value, the equal surplus value, the consensus value, the λ-egalitarian Shapley value, and the family of least-square values. For each of the first three extensions, we also provide an axiomatic characterization of a particular value for partition function form games. And for each of the last two extensions, we find a family of values that satisfy the properties.

Technical Details

RePEc Handle
repec:eee:gamebe:v:108:y:2018:i:c:p:49-64
Journal Field
Theory
Author Count
3
Added to Database
2026-01-25