Abstract
We suppose that players in a cooperative game are located within a graph structure, such as a social network or supply route, that limits coalition formation to coalitions along connected subsets within the graph. This in turn leads to a more general study of coalitional games in which there are arbitrary limitations on the collections of coalitions that may be formed. Within this context we define a generalisation of the Shapley value that is studied from an axiomatic perspective. The resulting ‘graph value’ (and 's-value’ in the general case) is endogenously asymmetric, with the automorphism group of the graph playing a crucial role in determining the relative values of players.
| Original language | English |
|---|---|
| Pages (from-to) | 22-36 |
| Number of pages | 15 |
| Journal | Games and Economic Behavior |
| Volume | 108 |
| Early online date | 29 Dec 2016 |
| DOIs | |
| State | Published - Mar 2018 |
Bibliographical note
Publisher Copyright:© 2016 Elsevier Inc.
Funding
Ziv Hellman acknowledges partial research support from ISF Grants 538/11 and 212/09 .
| Funders | Funder number |
|---|---|
| Israel Science Foundation | 212/09 |
Keywords
- Network games
- Shapley value
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