Template-Type: ReDIF-Paper 1.0
Series: Tinbergen Institute Discussion Papers
Creation-Date: 2017-10-06
Number: 17-094/II
Author-Name: Rene (J.R.) van den Brink
Author-Email: j.r.vanden.brink@vu.nl
Author-Workplace-Name: VU Amsterdam; Tinbergen Institute, The Netherlands
Author-Name: Osman Palanci
Author-Email: osmanpalanci@sdu.edu.tr
Author-Workplace-Name: Suleyman Demirel University, Isparta, Turkey
Author-Name: S. Zeynep Alparslan Gok
Author-Email: sirmagok@sdu.edu.tr
Author-Workplace-Name: Suleyman Demirel University, Isparta, Turkey
Title: Interval Solutions for Tu-games
Abstract: Standard solutions for TU-games assign to every TU-game a payoff vector. However, if there is uncertainty about the payoff allocation then we cannot just assign a specific payoff to every player. Therefore, in this paper we introduce interval solutions for TU-games which assign to every TU-game a vector of payoff intervals. Since the solution we propose uses marginal vectors of the interval game, we need to apply a difference operator on intervals. Applying the subtraction operator of  Moore (1979), we define an interval solution for TU-games, and we provide an axiomatization.
Classification-JEL: C71
Keywords: Cooperative TU-game, interval game, Moore subtraction, Moore-Shapley interval solution.
File-Url: https://papers.tinbergen.nl/17094.pdf
File-Format: application/pdf
File-Size: 472931 bytes
Handle: RePEc:tin:wpaper:20170094