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author:

Hu, X.-F. (Hu, X.-F..) [1] | Xu, G.-J. (Xu, G.-J..) [2] | Li, D.-F. (Li, D.-F..) [3]

Indexed by:

Scopus

Abstract:

In this paper, we propose a new efficient value for transferable utility cooperative games with a coalition structure. It first assigns to every player his Aumann–Drèze value and then allocates the remainder of the worth of the grand coalition among players equally. As it is identical with the Aumann–Drèze value for coalitional games with a singleton coalition structure, we call it the egalitarian efficient extension of the Aumann–Drèze value. We provide three axiomatizations of it and compare it with other well-known efficient coalitional values, especially the Owen value and the two-step Shapley value. © 2018, Springer Science+Business Media, LLC, part of Springer Nature.

Keyword:

Aumann–Drèze value; Coalition structure; Owen value; Transferable utility cooperative game; Two-step Shapley value

Community:

  • [ 1 ] [Hu, X.-F.]School of Management, Guangzhou University, Guangzhou, 510006, China
  • [ 2 ] [Xu, G.-J.]Department of Applied Mathematics, Northwestern Polytechnical University, Xi’an, 710072, China
  • [ 3 ] [Li, D.-F.]School of Economics and Management, Fuzhou University, Fuzhou, 350108, China

Reprint 's Address:

  • [Li, D.-F.]School of Economics and Management, Fuzhou UniversityChina

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Source :

Journal of Optimization Theory and Applications

ISSN: 0022-3239

Year: 2019

Issue: 3

Volume: 181

Page: 1033-1052

1 . 3 8 8

JCR@2019

1 . 6 0 0

JCR@2023

ESI HC Threshold:150

JCR Journal Grade:2

CAS Journal Grade:3

Cited Count:

WoS CC Cited Count:

SCOPUS Cited Count: 11

ESI Highly Cited Papers on the List: 0 Unfold All

WanFang Cited Count:

Chinese Cited Count:

30 Days PV: 0

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