Externalities, potential, value and consistency

We provide new characterization results for the value of games in partition function form. In particular, we use the potential of a game to define the value. We also provide a characterization of the class of values which satisfies one form of reduced game consistency.

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Year of publication:	2010
Authors:	Dutta, Bhaskar ; Ehlers, Lars ; Kar, Anirban
Published in:	Journal of Economic Theory. - Elsevier, ISSN 0022-0531. - Vol. 145.2010, 6, p. 2380-2411
Publisher:	Elsevier
Keywords:	Shapley value Potential Consistency Games in partition function form

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Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008860983