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Externalities, potential, value and consistency |
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| Authors: | Bhaskar Dutta Anirban Kar |
| Institution: | a Department of Economics, University of Warwick, Coventry CV4 7AL, UK b Département de Sciences Économiques and CIREQ, Université de Montréal, Québec, C.P. 6128 Succursale Centre Ville, Montréal, Québec H3C 3J7, Canada c Department of Economics, Delhi School of Economics, University of Delhi, Delhi 110007, India |
| Abstract: | 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. |
| Keywords: | C71 D62 |
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