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The Multichoice Consistent Value

Posted: 12 Feb 2001

See all articles by Emilio Calvo

Emilio Calvo

University of Valencia - Department of Economic Analysis

Esther Gutierrez

University of the Basque Country - Department of Foundations of Economic Analysis I

J.C. Santos

University of the Basque Country - Department of Applied Economics

Abstract

We consider multichoice NTU games, i.e., cooperative NTU games in which players can participate in the game with several levels of activity. For these games, we define and characterize axiomatically the multichoice consistent value, which is a generalization of the consistent NTU value for NTU games and of the multichoice value for multichoice TU games. Moreover, we show that this value coincides with the consistent NTU value of a replicated NTU game and we provide a probabilistic interpretation.

Keywords: NTU games, consistent NTU value, multichoice value

JEL Classification: C70

Suggested Citation

Calvo Ramon, Emilio and Gutierrez, Esther and Santos, J.C., The Multichoice Consistent Value. Available at SSRN: https://ssrn.com/abstract=236486

Emilio Calvo Ramon (Contact Author)

University of Valencia - Department of Economic Analysis ( email )

Campus de los Naranjos
46022 Valencia
Spain

Esther Gutierrez

University of the Basque Country - Department of Foundations of Economic Analysis I

Avda. Lehendakari Aguirre 83
Bilbao, Vizcaya 48015 48015
Spain

J.C. Santos

University of the Basque Country - Department of Applied Economics ( email )

Avda. Lehendakan Aguirre 83
Facultad de C. Economicas
E48015 Bilbao
Spain
34-944797400 ext. 7101 (Phone)
34-94797550 (Fax)

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