The Owen value values friendship |
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Authors: | Gérard Hamiache |
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Institution: | (1) CERESUR, Centre d'études et de Recherches économiques et Sociales de l'Université de La Réunion and GREQAM, Groupement de Recherche en économie Quantitative d'Aix-Marseille., FR |
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Abstract: | This paper presents two new axiomatizations of the Owen value for games with coalition structures. Two associated games are
defined and a consistency axiom is required. The construction of the associated games presupposes that coalitions behave in
an aggressive manner towards players who are not members of the same unions and in a friendly manner towards players that
do belong to their unions. The consistency axiom necessitates the definition of only one associated game which is not a reduced
game.
Received: February 1999/Revised version: January 2000 |
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Keywords: | : Owen value coalition structure associated game consistency |
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