AN AXIOM SYSTEM FOR A VALUE FOR GAMES IN PARTITION FUNCTION FORM
2005 ◽
Vol 07
(01)
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pp. 63-72
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Keyword(s):
A Value
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Lucas and Trall (1963) defined the games in partition function form as a generalization of the cooperative games with transferable utility. In our work we propose by means of an axiomatic characterization a solution for such games in partition function form. This solution will be a generalization of the Shapley value (1953).