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Order Monotonic Solutions for Generalized Characteristic Functions

Order monotonic solutions for generalized characteristic functions
Authors: René van den Brink; Enrique González-Arangüena; Conrado Manuel; Mónica del Pozo;

Order Monotonic Solutions for Generalized Characteristic Functions

Abstract

Generalized characteristic functions extend characteristic functions of 'classical' TU-games by assigning a real number to every ordered coalition being a permutation of any subset of the player set. Such generalized characteristic functions can be applied when the earnings or costs of cooperation among a set of players depend on the order in which the players enter a coalition. In the literature, the two main solutions for generalized characteristic functions are the one of Nowak and Radzik (1994), shortly called NR-value, and the one introduced by Sanchez and Bergantinos (1997), shortly called SB-value. In this paper, we introduce the axiom of order monotonicity with respect to the order of the players in a unanimity coalition, requiring that players who enter earlier should get not more in the corresponding (ordered) unanimity game than players who enter later. We propose several classes of order monotonic solutions for generalized characteristic functions that contain the NR-value and SB-value as special (extreme) cases. We also provide axiomatizations of these classes.

Countries
Netherlands, Spain
Keywords

game theory, order monotonicity, 1207.06 Teoría de Juegos, Funciones (Matemáticas), cooperative TU-game, 1206 Análisis Numérico, 519.2, 517.5, Kooperatives Spiel, Estadística, C71, SDG 17 - Partnerships for the Goals, Cooperative games, Cooperative TU-game, Transferable Utility Games, Order monotonicity, Game theory, ddc:330, generalized characteristic function, 1209 Estadística, 519.813, Teoría de Juegos, Cooperative TU-game, generalized characteristic function, order monotonicity, Generalized characteristic function, jel: jel:C71

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selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
8
Average
Average
Average
Green
bronze