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The equal collective gains value in cooperative games

Author

Listed:
  • Emilio Calvo Ramón

    (Universitat de Valencia)

  • Esther Gutiérrez-López

    (Universidad del País Vasco U.P.V./E.H.U.)

Abstract

The property of equal collective gains means that each player should obtain the same benefit from the cooperation of the other players in the game. We show that this property jointly with efficiency characterize a new solution, called the equal collective gains value (ECG-value). We introduce a new class of games, the average productivity games, for which the ECG-value is an imputation. For a better understanding of the new value, we also provide four alternative characterizations of it, and a negotiation model that supports it in subgame perfect equilibrium.

Suggested Citation

  • Emilio Calvo Ramón & Esther Gutiérrez-López, 2022. "The equal collective gains value in cooperative games," International Journal of Game Theory, Springer;Game Theory Society, vol. 51(1), pages 249-278, March.
    • Handle: RePEc:spr:jogath:v:51:y:2022:i:1:d:10.1007_s00182-021-00791-z
    DOI: 10.1007/s00182-021-00791-z
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    References listed on IDEAS

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    More about this item

    Keywords

    Shapley value; ENSC-value; Reciprocity; Equal collective gains; Balanced collective contributions;
    All these keywords.

    JEL classification:

    • C71 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Cooperative Games

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