An implementation of the coalitional value
Publisher: Jaén : Universidad de Jaén, 2001
ISBN: 84-8439-080-2
Year of publication: 2001
Congress: Congreso Nacional de Estadística e Investigación Operativa (26. 2001. Úbeda)
Type: Conference paper
Abstract
We present an implementation of the coalitional 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.