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Core Concepts for Share Vectors

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  • van den Brink, J.R.

    (Tilburg University, School of Economics and Management)

  • van der Laan, G.

Abstract

A value mapping for cooperative games with transferable utilities is a mapping that assigns to every game a set of vectors each representing a distribution of the payoffs. A value mapping is efficient if to every game it assigns a set of vectors which components all sum up to the worth that can be obtained by all players cooperating together. An approach to efficiently allocate the worth of the `grand coalition' is using share mappings which assign to every game a set of share vectors being vectors which components sum up to one. Every component of a share vector is the corresponding players' share in the total payoff that is to be distributed among the players. In this paper we discuss a class of share mappings containing the (Shapley) share-core, the Banzhaf share-core and the Large Banzhaf share-core, and provide characterizations of this class of share mappings.
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Suggested Citation

  • van den Brink, J.R. & van der Laan, G., 1999. "Core Concepts for Share Vectors," Other publications TiSEM 7b3a5d55-7e46-4144-8423-6, Tilburg University, School of Economics and Management.
    • Handle: RePEc:tiu:tiutis:7b3a5d55-7e46-4144-8423-6787eb45e75a
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    References listed on IDEAS

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    1. Peleg, B, 1986. "On the Reduced Game Property and Its Converse," International Journal of Game Theory, Springer;Game Theory Society, vol. 15(3), pages 187-200.
    2. Dragan, Irinel, 1996. "New mathematical properties of the Banzhaf value," European Journal of Operational Research, Elsevier, vol. 95(2), pages 451-463, December.
    3. Sergiu Hart, 2006. "Shapley Value," Discussion Paper Series dp421, The Federmann Center for the Study of Rationality, the Hebrew University, Jerusalem.
    4. van den Brink, J.R. & van der Laan, G., 1999. "Potentials and Reduced Games for Share Functions," Other publications TiSEM bb166cb9-4f1c-4e52-b4b9-0, Tilburg University, School of Economics and Management.
    5. Lehrer, E, 1988. "An Axiomatization of the Banzhaf Value," International Journal of Game Theory, Springer;Game Theory Society, vol. 17(2), pages 89-99.
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    7. Gerard van der Laan & René van den Brink, 1998. "Axiomatization of a class of share functions for n-person games," Theory and Decision, Springer, vol. 44(2), pages 117-148, April.
    8. Hart, Sergiu & Mas-Colell, Andreu, 1989. "Potential, Value, and Consistency," Econometrica, Econometric Society, vol. 57(3), pages 589-614, May.
    9. Tadenuma, K, 1992. "Reduced Games, Consistency, and the Core," International Journal of Game Theory, Springer;Game Theory Society, vol. 20(4), pages 325-334.
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    1. van den Brink, J.R. & van der Laan, G., 1999. "Potentials and Reduced Games for Share Functions," Other publications TiSEM bb166cb9-4f1c-4e52-b4b9-0, Tilburg University, School of Economics and Management.
    2. van den Brink, Rene & van der Laan, Gerard, 2005. "A class of consistent share functions for games in coalition structure," Games and Economic Behavior, Elsevier, vol. 51(1), pages 193-212, April.

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    JEL classification:

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

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