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In this paper, we extend the equal division and the equal surplus division values for transferable utility cooperative games to the more general setup of transferable utility cooperative games with… Click to show full abstract
In this paper, we extend the equal division and the equal surplus division values for transferable utility cooperative games to the more general setup of transferable utility cooperative games with a priori unions. In the case of the equal surplus division value we propose three possible extensions. We provide axiomatic characterizations of the new values. Furthermore, we apply the proposed modifications to a particular motivating example and compare the numerical results with those obtained with the original values.
Keywords:
priori unions;
values cooperative;
division;
cooperative games;
egalitarian values;
games priori
Journal Title: TOP
Year Published: 2020
Link to full text (if available)
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Journal Title: TOP
Year Published: 2020
Link to full text (if available)
Share on Social Media: Sign Up to like & get
recommendations!