The Myerson value for complete coalition structures

In order to describe partial cooperation structures, this paper introduces complete coalition structures as sets of feasible coalitions. A complete coalition structure has a property that, for any coalition, if each pair of players in the coalition belongs to some feasible coalition contained in the...

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Bibliographic Details
Main Authors: UI, Takashi, KOJIMA, Hiroyuki, KAJII, Atsushi
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2011
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Online Access:https://ink.library.smu.edu.sg/soe_research/1856
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Institution: Singapore Management University
Language: English
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Summary:In order to describe partial cooperation structures, this paper introduces complete coalition structures as sets of feasible coalitions. A complete coalition structure has a property that, for any coalition, if each pair of players in the coalition belongs to some feasible coalition contained in the coalition then the coalition itself is also feasible. The union stable structures, which constitute the domain of the Myerson value, are a special class of the complete coalition structures. As an allocation rule on complete coalition structures, this paper proposes an extension of the Myerson value for complete coalition structures and provides an axiomatization.