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Bilateral associated game: Gain and loss in revaluation

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  • Wenna Wang

Abstract

Hamiache introduces associated game to revalue each coalition’s worth, in which every coalition redefines his worth based on his own ability and the possible surpluses cooperating with other players. However, as every coin has two sides, revaluation may also bring some possible losses. In this paper, bilateral associated game will be presented by taking into account the possible surpluses and losses when revaluing the worth of a coalition. Based on different bilateral associated games, associated consistency is applied to characterize the equal allocation of non-separable costs value (EANS value) and the center-of-gravity of imputation-set value (CIS value). The Jordan normal form approach is the pivotal technique to accomplish the most important proof.

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  • Wenna Wang, 2021. "Bilateral associated game: Gain and loss in revaluation," PLOS ONE, Public Library of Science, vol. 16(7), pages 1-12, July.
    • Handle: RePEc:plo:pone00:0254218
    DOI: 10.1371/journal.pone.0254218
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    References listed on IDEAS

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    1. Sylvain Béal & Eric Rémila & Philippe Solal, 2016. "Characterizations of Three Linear Values for TU Games by Associated Consistency: Simple Proofs Using the Jordan Normal Form," International Game Theory Review (IGTR), World Scientific Publishing Co. Pte. Ltd., vol. 18(01), pages 1-21, March.
    2. Yan-An Hwang, 2006. "Associated consistency and equal allocation of nonseparable costs," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 28(3), pages 709-719, August.
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    Cited by:

    1. René Van Den Brink & Agnieszka Rusinowska, 2023. "Degree Centrality, von Neumann-Morgenstern Expected Utility and Externalities in Networks," Documents de travail du Centre d'Economie de la Sorbonne 23012, Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne.

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