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We present a new extension of the Shapley value for games with communication structure,only pairwise meetings can occur when some of them are not permitted.The present extension is a new one and in particular it is di .erent from the Myerson value,from the position value,and from a previous...
Persistent link: https://www.econbiz.de/10005779660
The aim of this paper is to present an approach to the middleman problem in the context of cooperative games when communication between players is graph-restricted. We consider a set of three axioms: linearity, dummy player and independence of non connected coalitions. These axioms are generally...
Persistent link: https://www.econbiz.de/10005634342
The state in which economic agents find themselves depend on the states of theother individuals in the economy. Thie dependence may be direct or indirect and involves the network through which agents interact. This paper describes models which lie between polar extremes. On the one hand there is...
Persistent link: https://www.econbiz.de/10005609605