Characterization of the Average Tree solution and its kernel

B-Tier
Journal: Journal of Mathematical Economics
Year: 2015
Volume: 60
Issue: C
Pages: 159-165

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

In this article, we study cooperative games with limited cooperation possibilities, represented by a tree on the set of agents. Agents in the game can cooperate if they are connected in the tree. We first derive direct-sum decompositions of the space of TU-games on a fixed tree, and two new basis for these spaces of TU-games. We then focus our attention on the Average (rooted)-Tree solution (see Herings et al. (2008)). We provide a basis for its kernel and a new axiomatic characterization by using the classical axiom for inessential games, and two new axioms of invariance called Invariance with respect to irrelevant coalitions and Weighted addition invariance on bi-partitions. We also solve the inverse problem for the Average (rooted)-Tree solution.

Technical Details

RePEc Handle
repec:eee:mateco:v:60:y:2015:i:c:p:159-165
Journal Field
Theory
Author Count
3
Added to Database
2026-01-24