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This paper introduces a new class of cooperative games called externality games. In these games each player contributes with their specific endowment and also with their presence to the total worth of the coalition she belongs to. We prove that for these games there exists a unique efficient,...
Persistent link: https://www.econbiz.de/10010999830
This paper introduces a new class of cooperative games called externality games. In these games each player contributes with their specific endowment and also with their presence to the total worth of the coalition she belongs to. We prove that for these games there exists a unique efficient,...
Persistent link: https://www.econbiz.de/10010759423
On several classes of n-person NTU games that have at least one Shapley NTU value, Aumann characterized this solution by six axioms: Non-emptiness, efficiency, unanimity, scale covariance, conditional additivity, and independence of irrelevant alternatives (IIA). Each of the first five axioms is...
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