An axiomatization of the consistent non-transferable utility value (Q2572444)
From MaRDI portal
scientific article
| Language | Label | Description | Also known as |
|---|---|---|---|
| English | An axiomatization of the consistent non-transferable utility value |
scientific article |
Statements
An axiomatization of the consistent non-transferable utility value (English)
0 references
9 November 2005
0 references
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''.
0 references
non-transferable utility games
0 references
marginality axiom
0 references
marginal contributions
0 references
Maschler-Owen consistent value
0 references
