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Probabilistic network values

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  • Borkotokey, Surajit
  • Chakrabarti, Subhadip
  • Gilles, Robert P.
  • Gogoi, Loyimee
  • Kumar, Rajnish

Abstract

We consider a class of cooperative network games with transferable utilities in which players interact through a probabilistic network rather than a regular, deterministic network. In this class of wealth-generating situations we consider probabilistic extensions of the Myerson value and the position value. For the subclass of probabilistic network games in multilinear form, we establish characterizations of these values using an appropriate formulation of component balancedness. We show axiomatizations based on extensions of the well-accepted properties of equal bargaining power, balanced contributions, and balanced link contributions.

Suggested Citation

  • Borkotokey, Surajit & Chakrabarti, Subhadip & Gilles, Robert P. & Gogoi, Loyimee & Kumar, Rajnish, 2021. "Probabilistic network values," Mathematical Social Sciences, Elsevier, vol. 113(C), pages 169-180.
    • Handle: RePEc:eee:matsoc:v:113:y:2021:i:c:p:169-180
    DOI: 10.1016/j.mathsocsci.2021.07.003
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    1. Marco Slikker, 2005. "A characterization of the position value," International Journal of Game Theory, Springer;Game Theory Society, vol. 33(4), pages 505-514, November.
    2. Jackson, Matthew O., 2005. "Allocation rules for network games," Games and Economic Behavior, Elsevier, vol. 51(1), pages 128-154, April.
    3. Borm, P.E.M. & Owen, G. & Tijs, S.H., 1992. "On the position value for communication situations," Other publications TiSEM 5a8473e4-1df7-42df-ad53-f, Tilburg University, School of Economics and Management.
    4. Jackson, Matthew O. & Wolinsky, Asher, 1996. "A Strategic Model of Social and Economic Networks," Journal of Economic Theory, Elsevier, vol. 71(1), pages 44-74, October.
    5. A. Ghintran & E. González-Arangüena & C. Manuel, 2012. "A probabilistic position value," Annals of Operations Research, Springer, vol. 201(1), pages 183-196, December.
    6. Roger B. Myerson, 1977. "Graphs and Cooperation in Games," Mathematics of Operations Research, INFORMS, vol. 2(3), pages 225-229, August.
    7. Borkotokey, Surajit & Kumar, Rajnish & Sarangi, Sudipta, 2015. "A solution concept for network games: The role of multilateral interactions," European Journal of Operational Research, Elsevier, vol. 243(3), pages 912-920.
    8. Billand, Pascal & Bravard, Christophe & Iyengar, Sitharama S. & Kumar, Rajnish & Sarangi, Sudipta, 2016. "Network connectivity under node failure," Economics Letters, Elsevier, vol. 149(C), pages 164-167.
    9. Slikker, Marco, 2007. "Bidding for surplus in network allocation problems," Journal of Economic Theory, Elsevier, vol. 137(1), pages 493-511, November.
    10. Guillermo Owen, 1972. "Multilinear Extensions of Games," Management Science, INFORMS, vol. 18(5-Part-2), pages 64-79, January.
    11. van den Nouweland, Anne & Slikker, Marco, 2012. "An axiomatic characterization of the position value for network situations," Mathematical Social Sciences, Elsevier, vol. 64(3), pages 266-271.
    12. Calvo, Emilio & Lasaga, Javier & van den Nouweland, Anne, 1999. "Values of games with probabilistic graphs," Mathematical Social Sciences, Elsevier, vol. 37(1), pages 79-95, January.
    13. Gómez, D. & González-Arangüena, E. & Manuel, C. & Owen, G., 2008. "A value for generalized probabilistic communication situations," European Journal of Operational Research, Elsevier, vol. 190(2), pages 539-556, October.
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    Cited by:

    1. Subhadip Chakrabarti & Loyimee Gogoi & Robert P. Gilles & Surajit Borkotokey & Rajnish Kumar, 2024. "Expected values for variable network games," Annals of Operations Research, Springer, vol. 336(3), pages 2061-2089, May.
    2. Surajit Borkotokey & Sujata Gowala & Rajnish Kumar, 2023. "The Expected Shapley value on a class of probabilistic games," Papers 2308.03489, arXiv.org.

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    More about this item

    Keywords

    Probabilistic network game; The probabilistic Myerson value; The probabilistic position value; Axiomatic characterization;
    All these keywords.

    JEL classification:

    • C71 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Cooperative Games
    • D85 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Network Formation
    • C71 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Cooperative Games
    • D85 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Network Formation

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