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Two families of values for global games

Author

Listed:
  • José María Alonso-Meijide

    (Universidade de Santiago de Compostela)

  • Mikel à lvarez-Mozos

    (Universitat de Barcelona and BEAT)

  • Maria Gloria Fiestras-Janeiro

    (Universidade de Vigo)

  • Andres Jiménez-Losada

    (Universidad de Sevilla)

Abstract

We propose new point valued solutions for global games. We explore the implications of weakening some of the properties used by Gilboa and Lehrer (1991) in their characterization result. Our main contributions are the axiomatic characterizations of two families of values for global games.

Suggested Citation

  • José María Alonso-Meijide & Mikel à lvarez-Mozos & Maria Gloria Fiestras-Janeiro & Andres Jiménez-Losada, 2022. "Two families of values for global games," UB School of Economics Working Papers 2022/428, University of Barcelona School of Economics.
    • Handle: RePEc:ewp:wpaper:428web
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    File URL: http://hdl.handle.net/2445/188595
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    References listed on IDEAS

    as
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    3. van den Brink, Rene, 2007. "Null or nullifying players: The difference between the Shapley value and equal division solutions," Journal of Economic Theory, Elsevier, vol. 136(1), pages 767-775, September.
    4. Caulier, Jean-François & Mauleon, Ana & Vannetelbosch, Vincent, 2015. "Allocation rules for coalitional network games," Mathematical Social Sciences, Elsevier, vol. 78(C), pages 80-88.
    5. Finus, Michael, 2008. "Game Theoretic Research on the Design of International Environmental Agreements: Insights, Critical Remarks, and Future Challenges," International Review of Environmental and Resource Economics, now publishers, vol. 2(1), pages 29-67, June.
    6. Barrett, Scott, 1994. "Self-Enforcing International Environmental Agreements," Oxford Economic Papers, Oxford University Press, vol. 46(0), pages 878-894, Supplemen.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Global games; Shapley value; Partition function; Contribution; Lattice.;
    All these keywords.

    JEL classification:

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

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