The Owen value values friendship

Authors
Citation
G. Hamiache, The Owen value values friendship, INT J GAME, 29(4), 2000, pp. 517-532
Citations number
7
Categorie Soggetti
Economics
Journal title
INTERNATIONAL JOURNAL OF GAME THEORY
ISSN journal
00207276 → ACNP
Volume
29
Issue
4
Year of publication
2000
Pages
517 - 532
Database
ISI
SICI code
0020-7276(200012)29:4<517:TOVVF>2.0.ZU;2-I
Abstract
This paper presents two new axiomatizations of the Owen value for games wit h coalition structures. Two associated games are defined and a consistency axiom is required. The construction of the associated games presupposes tha t coalitions behave in an aggressive manner towards players who are not mem bers of the same unions and in a friendly manner towards players that do be long to their unions. The consistency axiom necessitates the definition of only one associated game which is not a reduced game.