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The priority value for cooperative games with a priority structure

Author

Listed:
  • Sylvain Béal

    (CRESE - Centre de REcherches sur les Stratégies Economiques (UR 3190) - UFC - Université de Franche-Comté - UBFC - Université Bourgogne Franche-Comté [COMUE])

  • Sylvain Ferrières

    (GATE Lyon Saint-Étienne - Groupe d'Analyse et de Théorie Economique Lyon - Saint-Etienne - ENS de Lyon - École normale supérieure de Lyon - UL2 - Université Lumière - Lyon 2 - UJM - Université Jean Monnet - Saint-Étienne - CNRS - Centre National de la Recherche Scientifique)

  • Philippe Solal

    (GATE Lyon Saint-Étienne - Groupe d'Analyse et de Théorie Economique Lyon - Saint-Etienne - ENS de Lyon - École normale supérieure de Lyon - UL2 - Université Lumière - Lyon 2 - UJM - Université Jean Monnet - Saint-Étienne - CNRS - Centre National de la Recherche Scientifique)

Abstract
We study cooperative games with a priority structure modeled by a poset on the agent set. We introduce the Priority value, which splits the Harsanyi dividend of each coalition among the set of its priority agents, i.e. the members of the coalition over which no other coalition member has priority. This allocation shares many desirable properties with the classical Shapley value: it is efficient, additive and satisfies the null agent axiom, which assigns a null payoff to any agent with null contributions to coalitions. We provide two axiomatic characterizations of the Priority value which invoke both classical axioms and new axioms describing various effects that the priority structure can impose on the payoff allocation. Applications to queueing and bankruptcy problems are discussed.
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Suggested Citation

  • Sylvain Béal & Sylvain Ferrières & Philippe Solal, 2021. "The priority value for cooperative games with a priority structure," Post-Print hal-03422935, HAL.
    • Handle: RePEc:hal:journl:hal-03422935
    DOI: 10.1007/s00182-021-00799-5
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    References listed on IDEAS

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    Cited by:

    1. David Lowing & Léa Munich & Kevin Techer, 2024. "Allocating the common costs of a public service operator: an axiomatic approach," Working Papers of BETA 2024-03, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
    2. David Lowing & Léa Munich & Kevin Techer, 2024. "Allocating the common costs of a public service operator: an axiomatic approach," Working Papers 2024-05, CRESE.
    3. David Lowing, 2023. "Allocation rules for multi-choice games with a permission tree structure," Annals of Operations Research, Springer, vol. 320(1), pages 261-291, January.
    4. Lowing, David & Techer, Kevin, 2022. "Priority relations and cooperation with multiple activity levels," Journal of Mathematical Economics, Elsevier, vol. 102(C).
    5. Sylvain Béal & Sylvain Ferrières & Adriana Navarro‐Ramos & Philippe Solal, 2023. "Axiomatic characterizations of the family of Weighted priority values," International Journal of Economic Theory, The International Society for Economic Theory, vol. 19(4), pages 787-816, December.

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    JEL classification:

    • C71 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Cooperative Games

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