An implementation of the Owen value. (Q1408719): Difference between revisions

The authors consider the Owen value for TU games with coalition structure. For such a game some new noncooperative game is constructed, called the coalitional bidding mechanism (CBM) where the players make bids and offers in several rounds. It is proved that the Owen value coincides with some subgame perfect Nash equilibrium (SPNE) outcome of CBM, but in general, the SPNE outcome does not have to be the Owen value. The second obtained result says that the converse relation holds when the behavior of the players is restricted or the considered game is strictly superadditive. The paper generalizes the earlier result of Pérez-Castrillo and Wettstein related to the Shapley value.