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Different axiomatic systems for the Shapley value can be found in the literature. For games with a coalition structure, the Shapley value also has been axiomatized in several ways. In this paper, we discuss a generalization of the Shapley value to the class of partition function form games. The...
Persistent link: https://www.econbiz.de/10014199078
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In this paper we generalise marginal vectors and permutational convexity. We show that if a game is generalised permutationally convex, then the corresponding generalised marginal vector is a core element. Furthermore we refine the concept of permutational convexity and show that this refinement...
Persistent link: https://www.econbiz.de/10014062608