The multichoice consistent value |
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| Authors: | Emilio Calvo Esther Gutiérrez Juan Carlos Santos |
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| Institution: | (1) Departamento de Análisis Económico, Universidad de Valencia, Avinguda dels Tarongers s/n, Edificio Departamental Oriental, 46022 Valencia, Spain (e-mail: Emilio.Calvo@uv.es), ES;(2) Departamento de Economı′a Aplicada I, Universidad del Paı′s Vasco/Euskal Herriko Unibertsitatea, Lehendakari Aguirre, 83, 48015 Bilbao, Spain (e-mail: elpsaloj@bs.ehu.es), ES |
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| Abstract: | We consider multichoice NTU games, i.e., cooperative NTU games in which players can participate in the game with several
levels of activity. For these games, we define and characterize axiomatically the multichoice consistent value, which is a generalization of the consistent NTU value for NTU games and of the multichoice value for multichoice TU games.
Moreover, we show that this value coincides with the consistent NTU value of a replicated NTU game and we provide a probabilistic
interpretation.
Received: May 1998/Final version: January 2000 |
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| Keywords: | : NTU games consistent NTU value multichoice value |
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