Pyramidal values

We propose and analyze a new type of values for cooperative TU-games, which we call pyramidal values. Assuming that the grand coalition is sequentially formed, and all orderings are equally likely, we define a pyramidal value to be any expected payoff in which the entrant player receives a salary, a...

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Detalles Bibliográficos
Autores: Flores Díaz, Ramón Jesús, Molina Ferragut, Elisenda, Tejada Cazorla, Juan Antonio
Tipo de recurso: artículo
Estado:Versión aceptada para publicación
Fecha de publicación:2014
País:España
Institución:Universidad de Sevilla (US)
Repositorio:idUS. Depósito de Investigación de la Universidad de Sevilla
OAI Identifier:oai:idus.us.es:11441/72240
Acceso en línea:https://hdl.handle.net/11441/72240
https://doi.org/10.1007/s10479-013-1509-y
Access Level:acceso abierto
Palabra clave:Game theory
TU games
Pyramidal values
Procedural values
Shapley value
Co-values
Consensus values
Egalitarian Shapley values
Descripción
Sumario:We propose and analyze a new type of values for cooperative TU-games, which we call pyramidal values. Assuming that the grand coalition is sequentially formed, and all orderings are equally likely, we define a pyramidal value to be any expected payoff in which the entrant player receives a salary, and the rest of his marginal contribution to the just formed coalition is distributed among the incumbent players. We relate the pyramidal-type sharing scheme we propose with other sharing schemes, and we also obtain some known values by means of this kind of pyramidal procedures. In particular, we show that the Shapley value can be obtained by means of an interesting pyramidal procedure that distributes nonzero dividends among the incumbents. As a result, we obtain an alternative formulation of the Shapley value based on a measure of complementarity between two players. Finally, we introduce the family of proportional pyramidal values, in which an incumbent receives a dividend in proportion to his initial investment, measured by means of his marginal contribution.