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Single NTU-value solutions

Author

Listed:
  • Emililo Calvo

    (Dep. of Economic Analysis. University of Valencia)

Abstract

We propose a variation of the Hart and Mas-Colell non-cooperative bargaining model for n-person games in coalitional form. This strategic game implements, in the limit, a new NTU-value for the class of monotonic games. This value coincides with the Maschler and Owen value for hyperplane games, and with the Shapley value for TU games. The main characteristic of this proposal is that always select a unique payoff allocation. This value can also be considered as an extension of the Nash bargaining solution. Variations of this model yield extensions of the Discrete Raiffa solution, and the Kalai-Smorodinsky solution.

Suggested Citation

  • Emililo Calvo, 2004. "Single NTU-value solutions," Game Theory and Information 0405004, University Library of Munich, Germany, revised 10 Jun 2004.
    • Handle: RePEc:wpa:wuwpga:0405004
    Note: Type of Document - pdf; pages: 31
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    File URL: https://econwpa.ub.uni-muenchen.de/econ-wp/game/papers/0405/0405004.pdf
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    Shapley value; NTU-value solutions; Nash Bargaining; Raiffa solution; Kali-Smorodinsky solution.;
    All these keywords.

    JEL classification:

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

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