Value-free reductions

B-Tier
Journal: Games and Economic Behavior
Year: 2021
Volume: 130
Issue: C
Pages: 543-568

Score contribution per author:

1.005 = (α=2.01 / 2 authors) × 1.0x B-tier

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

Abstract

We introduce the value-free (v-f) reductions, operators that map a coalitional game played by a set of players to another “similar” game played by a subset of those players. We propose properties that v-f reductions may satisfy, we provide a theory of duality, and we characterize several v-f reductions (among which the value-free version of the reduced games proposed by Hart and Mas-Colell, 1989, and Oishi et al., 2016). Unlike reduced games, introduced to characterize values in terms of consistency, v-f reductions are not defined in reference to values. However, a v-f reduction induces a value. We characterize v-f reductions that induce the Shapley, the stand-alone, and the Banzhaf values. We connect our approach to the theory of implementation. Finally, our new approach is a valuable tool to provide new characterizations of values in terms of consistency. We present new characterizations of the Banzhaf and the stand-alone values.

Technical Details

RePEc Handle
repec:eee:gamebe:v:130:y:2021:i:c:p:543-568
Journal Field
Theory
Author Count
2
Added to Database
2026-01-28