Externalities, Potential, Value and Consistency
Article [Version of Record]
Is part ofCahier de recherche ; #2008-06
Publisher(s)Université de Montréal. Département de sciences économiques.
We provide new characterization results for the value of games in partition function form. In particular, we use the potential of a game to define the value. We also provide a characterization of the class of values which satisfies one form of reduced game consistency.