An axiomatization of the consistent non-transferable utility value (Q2572444): Difference between revisions
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Latest revision as of 15:19, 19 March 2024
scientific article
| Language | Label | Description | Also known as |
|---|---|---|---|
| English | An axiomatization of the consistent non-transferable utility value |
scientific article |
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An axiomatization of the consistent non-transferable utility value (English)
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9 November 2005
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The author considers non-transferable utility (NTU) games and provides an axiomatization for the Maschler-Owen consistent NTU-value, which is based on an axiom of marginality, originally introduced by \textit{H. P. Young} [Int. J. Game Theory 14, 65--72 (1985; Zbl 0569.90106)] for the Shapley transferable utility (TU) value. The axiom of marginality requires that the value of a player to depend only on his ``marginal contributions''.
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non-transferable utility games
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marginality axiom
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marginal contributions
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Maschler-Owen consistent value
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