The Myerson value for complete coalition structures

• Main Authors: UI, Takashi, KOJIMA, Hiroyuki, KAJII, Atsushi
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2011
• Subjects: Union stable structure; Complete coalition structure; The Myerson value; Potential; Economic Theory
• Online Access: https://ink.library.smu.edu.sg/soe_research/1856
• Institution: Singapore Management University

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.