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An implementation of the Owen value

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An implementation of the Owen value

Vidal Puga, Juan José; Bergantiño Cid, Gustavo
 
DATE : 2003-08
UNIVERSAL IDENTIFIER : http://hdl.handle.net/11093/1136
UNESCO SUBJECT : 5307 Teoría Económica
DOCUMENT TYPE : article

ABSTRACT :

We present an implementation of the Owen value (Owen, 1977), inspired by the bidding mechanism introduced by Pérez-Castrillo and Wettstein (2001). The idea is the following: first players of each coalition play the bidding mechanism trying to obtain the resources of the coalition. Later, players who obtained the resources play the bidding mechanism in order to share the surplus.

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