Arbeitspapier
Values for Environments with Externalities - The Average Approach
We propose the “average approach,” where the worth of a coalition is a weighted average of its worth for different partitions of the players’ set, as a unifying method to extend values for characteristic function form games. Our method allows us to extend the equal division value, the equal surplus value, the consensus value, the ë-egalitarian Shapley value, and the least-square family. For each of the first three extensions, we also provide an axiomatic characterization of a particular value for partition function form games. And for each of the last two extensions, we find a family of values that satisfy the properties.
- Sprache
-
Englisch
- Erschienen in
-
Series: CESifo Working Paper ; No. 6002
- Klassifikation
-
Wirtschaft
Externalities
Cooperative Games
- Thema
-
externalities
sharing the surplus
average approach
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Macho-Stadler, Ines
Pérez-Castrillo, David
Wettstein, David
- Ereignis
-
Veröffentlichung
- (wer)
-
Center for Economic Studies and ifo Institute (CESifo)
- (wo)
-
Munich
- (wann)
-
2016
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Macho-Stadler, Ines
- Pérez-Castrillo, David
- Wettstein, David
- Center for Economic Studies and ifo Institute (CESifo)
Entstanden
- 2016
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