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Contributions to Game Theory and Management, 2014, Volume 7, Pages 341–348 (Mi cgtm244)  

An axiomatization of the Myerson value

Özer Selçuk, Takamasa Suzuki

CentER, Department of Econometrics & Operations Research, Tilburg University, P.O. Box 90153, 5000 LE Tilburg, The Netherlands
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Abstract: TU-games with communication structure are cooperative games with transferable utility where the cooperation between players is limited by a communication structure represented by a graph on the set of players. On this class of games, the Myerson value is one of the most well-known solutions and it is the Shapley value of the so-called restricted game. In this study we give another form of fairness axiom on the class of TU-games with communication structure so that the Myerson value is uniquely characterized by this fainess axiom with (component) efficiency, a kind of null player property and additivity. The combination is similar to the original characterization of the Shapley value.
Keywords: Cooperative TU-games, communication structure, Myerson value, Shapley value.
Document Type: Article
Language: English
Citation: Özer Selçuk, Takamasa Suzuki, “An axiomatization of the Myerson value”, Contributions to Game Theory and Management, 7 (2014), 341–348
Citation in format AMSBIB
\Bibitem{SelSuz14}
\by \"Ozer~Sel{\c c}uk, Takamasa~Suzuki
\paper An axiomatization of the Myerson value
\jour Contributions to Game Theory and Management
\yr 2014
\vol 7
\pages 341--348
\mathnet{http://mi.mathnet.ru/cgtm244}
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