Barcelona GSE Working Paper No. 569 |
| Title: | Sharing the surplus in games with externalities within and across issues |
| Authors: | Effrosyni Diamantoudi, Inés Macho-Stadler, David Pérez-Castrillo, Licun Xue |
| Date: | 01-08-2011 |
| Keywords: | externalities, cooperative game theory, Shapley value, linked issues |
| JEL Codes: | C71, D62 |
| Abstract: |
| We consider environments in which agents can cooperate on multiple issues and externalities are present both within and across issues. We propose a way to extend (Shapley) values that have been put forward to deal with externalities within issues to games where there are externalities within and across issues. We characterize our proposal through axioms that extend the Shapley axioms to our more general environment. |
| Download this working paper in PDF format (321.02 Kb) |
 List of all recent working papers |
