The Partition Lattice Value for Global Cooperative Games

dc.contributor.author
Alonso-Meijide, José Mª
dc.contributor.author
Álvarez-Mozos, Mikel
dc.contributor.author
Fiestras-Janeiro, M. Gloria, 1962-
dc.contributor.author
Jiménez-Losada, Andrés
dc.date.issued
2024-10-08T12:10:59Z
dc.date.issued
2024-10-08T12:10:59Z
dc.date.issued
2024
dc.identifier
https://hdl.handle.net/2445/215607
dc.description.abstract
We introduce a new value for global cooperative games that we call the Partition lattice value. A global cooperative game describes the overall utility that a set of agents generates depending on how they are organized in coalitions without specifying what part of that utility is each coalition responsible for. Gilboa and Lehrer (1991) proposed a generalization of the Shapley value to this family of games that may imply a big loss of information. Here we take an alternative approach motivated by how the Shapley value distributes payoffs in unanimity games. More precisely, we consider that each link in the lattice of partitions represents a contribution and use them to define our value. The Partition lattice value is characterized by five properties. Three of them are also used in the characterization of the Gilboa-Lehrer value and another is weaker that the fourth and last property of their characterization. The last property of our result is new and describes how are payoffs distributed among the coalitions in global unanimity games.
dc.format
17 p.
dc.format
application/pdf
dc.language
eng
dc.relation
UB Economics – Working Papers, 2024, E24/473
dc.relation
[WP E-Eco24/473]
dc.rights
cc-by-nc-nd, (c) Alonso-Meijide et al., 2024
dc.rights
http://creativecommons.org/licenses/by-nc-nd/3.0/es/
dc.rights
info:eu-repo/semantics/openAccess
dc.source
UB Economics – Working Papers [ERE]
dc.subject
Teoria de jocs
dc.subject
Jocs cooperatius (Matemàtica)
dc.subject
Presa de decisions (Estadística)
dc.subject
Particions (Matemàtica)
dc.subject
Game theory
dc.subject
Estimation theory
dc.subject
Cooperative games (Mathematics)
dc.subject
Partitions (Mathematics)
dc.title
The Partition Lattice Value for Global Cooperative Games
dc.type
info:eu-repo/semantics/workingPaper


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