The Shapley Value for Partition Function Form Games

K.H. Pham Do, H.W. Norde

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Abstract

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 concepts and axioms, related to the Shapley value, have been extended and a characterization for the Shapley value has been provided.Finally, an application of the Shapley value is given.
Original languageEnglish
Place of PublicationTilburg
PublisherMicroeconomics
Number of pages13
Volume2002-4
Publication statusPublished - 2002

Publication series

NameCentER Discussion Paper
Volume2002-4

Keywords

  • game theory

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