Sharing the surplus in games with externalities within and across issues

Verfasser / Beitragende:
[Effrosyni Diamantoudi, Inés Macho-Stadler, David Pérez-Castrillo, Licun Xue]
Ort, Verlag, Jahr:
2015
Enthalten in:
Economic Theory, 60/2(2015-10-01), 315-343
Format:
Artikel (online)
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024 7 0 |a 10.1007/s00199-015-0867-x  |2 doi 
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245 0 0 |a Sharing the surplus in games with externalities within and across issues  |h [Elektronische Daten]  |c [Effrosyni Diamantoudi, Inés Macho-Stadler, David Pérez-Castrillo, Licun Xue] 
520 3 |a We consider issue-externality games in which agents can cooperate on multiple issues and externalities are present both within and across issues, that is, the amount a coalition receives in one issue depends on how the players are organized on all the issues. Examples of such games are several firms competing in multiple markets, and countries negotiating both a trade agreement (through, e.g., WTO) and an environmental agreement (e.g., Kyoto Protocol). We propose a way to extend (Shapley) values for partition function games to issue-externality games. We characterize our proposal through axioms that extend the Shapley axioms to our more general environment. The solution concept that we propose can be applied to many interesting games, including inter-temporal situations where players meet sequentially. 
540 |a Springer-Verlag Berlin Heidelberg, 2015 
690 7 |a Externalities  |2 nationallicence 
690 7 |a Cooperative game theory  |2 nationallicence 
690 7 |a Shapley value  |2 nationallicence 
690 7 |a Linked issues  |2 nationallicence 
700 1 |a Diamantoudi  |D Effrosyni  |u CIREQ and Department of Economics, Concordia University, 1455 boul. de Maisonneuve Ouest, H3G 1M8, Montreal, QC, Canada  |4 aut 
700 1 |a Macho-Stadler  |D Inés  |u Dept. Economía e Hist. Económica, Universitat Autonoma de Barcelona, Barcelona GSE, Edificio B, 08193, Bellaterra, Barcelona, Spain  |4 aut 
700 1 |a Pérez-Castrillo  |D David  |u Dept. Economía e Hist. Económica, Universitat Autonoma de Barcelona, Barcelona GSE, Edificio B, 08193, Bellaterra, Barcelona, Spain  |4 aut 
700 1 |a Xue  |D Licun  |u CIREQ and Department of Economics, McGill University, 855 Sherbrooke Street West, H3A 2T7, Montreal, QC, Canada  |4 aut 
773 0 |t Economic Theory  |d Springer Berlin Heidelberg  |g 60/2(2015-10-01), 315-343  |x 0938-2259  |q 60:2<315  |1 2015  |2 60  |o 199 
856 4 0 |u https://doi.org/10.1007/s00199-015-0867-x  |q text/html  |z Onlinezugriff via DOI 
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950 |B NATIONALLICENCE  |P 700  |E 1-  |a Diamantoudi  |D Effrosyni  |u CIREQ and Department of Economics, Concordia University, 1455 boul. de Maisonneuve Ouest, H3G 1M8, Montreal, QC, Canada  |4 aut 
950 |B NATIONALLICENCE  |P 700  |E 1-  |a Macho-Stadler  |D Inés  |u Dept. Economía e Hist. Económica, Universitat Autonoma de Barcelona, Barcelona GSE, Edificio B, 08193, Bellaterra, Barcelona, Spain  |4 aut 
950 |B NATIONALLICENCE  |P 700  |E 1-  |a Pérez-Castrillo  |D David  |u Dept. Economía e Hist. Económica, Universitat Autonoma de Barcelona, Barcelona GSE, Edificio B, 08193, Bellaterra, Barcelona, Spain  |4 aut 
950 |B NATIONALLICENCE  |P 700  |E 1-  |a Xue  |D Licun  |u CIREQ and Department of Economics, McGill University, 855 Sherbrooke Street West, H3A 2T7, Montreal, QC, Canada  |4 aut 
950 |B NATIONALLICENCE  |P 773  |E 0-  |t Economic Theory  |d Springer Berlin Heidelberg  |g 60/2(2015-10-01), 315-343  |x 0938-2259  |q 60:2<315  |1 2015  |2 60  |o 199