Use this identifier to quote or link this document: http://hdl.handle.net/2072/12866

Dividends and weighted values in games with externalities
Macho Stadler, Inés; Pérez Castrillo, David; Wettstein, David
Universitat Autònoma de Barcelona. Unitat de Fonaments de l'Anàlisi Econòmica; Institut d'Anàlisi Econòmica
We consider cooperative environments with externalities (games in partition function form) and provide a recursive definition of dividends for each coalition and any partition of the players it belongs to. We show that with this definition and equal sharing of these dividends the averaged sum of dividends for each player, over all the coalitions that contain the player, coincides with the corresponding average value of the player. We then construct weighted Shapley values by departing from equal division of dividends and finally, for each such value, provide a bidding mechanism implementing it.
2008-12-16
Dividends
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Working Paper
Working papers; 758.08
         

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