Convex Interval Games

Abstract

In this paper, convex interval games are introduced and some characterizations are given. Some economic situations leading to convex interval games are discussed. The Weber set and the Shapley value are defined for a suitable class of interval games and their relations with the interval core for convex interval games are established. A square operator is introduced which allows us to obtain interval solutions starting from classical cooperative game theory solutions. It turns out that on the class of convex interval games the square Weber set coincides with the interval core.

Keywords: cooperative games, interval data, convex games, the core, the Weber set, the Shapley value

JEL Classification: C71