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 |
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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 |
Keywords
- Network games
- Shapley value
All Science Journal Classification (ASJC) codes
- Finance
- Economics and Econometrics