Original paper
Values for Environments with Externalities - The Average Approach
Abstract
We propose the “average approach,” where the worth of a coalition is a weighted average of its worth for different partitions of the players’ set, as a unifying method to extend values for characteristic function form games. Our method allows us to extend the equal division value, the equal surplus value, the consensus value, the λ-egalitarian Shapley value, and the least-square family. For each of the first three extensions, we also provide an...
Paper Details
Title
Values for Environments with Externalities - The Average Approach
Published Date
Jan 1, 2016
Journal
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Notes
History