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Efficient extensions of communication values

Author

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  • Sylvain Béal

    (CRESE - Centre de REcherches sur les Stratégies Economiques (UR 3190) - UFC - Université de Franche-Comté - UBFC - Université Bourgogne Franche-Comté [COMUE])

  • André Casajus

    (Leipzig Graduate School of Management)

  • Frank Huettner

    (Leipzig Graduate School of Management)

Abstract

We study values for transferable utility games enriched by a communication graph. The most well-known such values are component-efficient and characterized by some link-deletion property. We study efficient extensions of such values: for a given component-efficient value, we look for a value that (i) satisfies efficiency, (ii) satisfies the link-deletion property underlying the original component-efficient value, and (iii) coincides with the original component-efficient value whenever the underlying graph is connected. Béal et al. (2015) prove that the Myerson value (Myerson, 1977) admits a unique efficient extension, which has been introduced by van den Brink et al. (2012). We pursue this line of research by showing that the average tree solution (Herings et al., 2008) and the compensation solution (Béal et al., 2012a) admit similar unique efficient extensions, and that there exists no efficient extension of the position Value (Meessen, 1988; Borm et al., 1992). As byproducts, we obtain new characterizations of the average tree solution and the compensation solution, and of their efficient extensions.

Suggested Citation

  • Sylvain Béal & André Casajus & Frank Huettner, 2015. "Efficient extensions of communication values," Working Papers hal-01376907, HAL.
  • Handle: RePEc:hal:wpaper:hal-01376907
    Note: View the original document on HAL open archive server: https://hal.science/hal-01376907
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    References listed on IDEAS

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    1. Guang Zhang & Erfang Shan & Liying Kang & Yanxia Dong, 2017. "Two efficient values of cooperative games with graph structure based on $$\tau $$ τ -values," Journal of Combinatorial Optimization, Springer, vol. 34(2), pages 462-482, August.
    2. 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.
    3. van den Brink, René & Khmelnitskaya, Anna & van der Laan, Gerard, 2012. "An efficient and fair solution for communication graph games," Economics Letters, Elsevier, vol. 117(3), pages 786-789.
    4. Sylvain Béal & Eric Rémila & Philippe Solal, 2012. "Compensations in the Shapley value and the compensation solutions for graph games," International Journal of Game Theory, Springer;Game Theory Society, vol. 41(1), pages 157-178, February.
    5. Sylvain Béal & André Casajus & Frank Huettner, 2015. "Efficient extensions of the Myerson value," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 45(4), pages 819-827, December.
    6. Roger B. Myerson, 1977. "Graphs and Cooperation in Games," Mathematics of Operations Research, INFORMS, vol. 2(3), pages 225-229, August.
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    9. Slikker, Marco, 2007. "Bidding for surplus in network allocation problems," Journal of Economic Theory, Elsevier, vol. 137(1), pages 493-511, November.
    10. AUMANN, Robert J. & DREZE, Jacques H., 1974. "Cooperative games with coalition structures," LIDAM Reprints CORE 217, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
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    12. Herings, P. Jean Jacques & van der Laan, Gerard & Talman, Dolf, 2008. "The average tree solution for cycle-free graph games," Games and Economic Behavior, Elsevier, vol. 62(1), pages 77-92, January.
    13. Béal, Sylvain & Rémila, Eric & Solal, Philippe, 2012. "Fairness and fairness for neighbors: The difference between the Myerson value and component-wise egalitarian solutions," Economics Letters, Elsevier, vol. 117(1), pages 263-267.
    14. 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.
    15. A. Ghintran & E. González-Arangüena & C. Manuel, 2012. "A probabilistic position value," Annals of Operations Research, Springer, vol. 201(1), pages 183-196, December.
    16. Béal, Sylvain & Casajus, André & Huettner, Frank, 2016. "On the existence of efficient and fair extensions of communication values for connected graphs," Economics Letters, Elsevier, vol. 146(C), pages 103-106.
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    Cited by:

    1. Rong Zou & Genjiu Xu & Dongshuang Hou, 2023. "Efficient extensions of the Myerson value based on endogenous claims from players," Annals of Operations Research, Springer, vol. 323(1), pages 287-300, April.
    2. Xun-Feng Hu & Gen-Jiu Xu & Deng-Feng Li, 2019. "The Egalitarian Efficient Extension of the Aumann–Drèze Value," Journal of Optimization Theory and Applications, Springer, vol. 181(3), pages 1033-1052, June.
    3. C. Manuel & D. Martín, 2021. "A value for communication situations with players having different bargaining abilities," Annals of Operations Research, Springer, vol. 301(1), pages 161-182, June.
    4. Daniel Li Li & Erfang Shan, 2020. "Efficient quotient extensions of the Myerson value," Annals of Operations Research, Springer, vol. 292(1), pages 171-181, September.
    5. Erfang Shan & Jilei Shi & Wenrong Lyu, 2023. "The efficient partition surplus Owen graph value," Annals of Operations Research, Springer, vol. 320(1), pages 379-392, January.

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    More about this item

    Keywords

    Efficient extension; average tree solution; compensation solution; position value; component fairness; relative fairness; balanced total threats; Myerson value; component-wise egalitarian solution;
    All these keywords.

    JEL classification:

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

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