Download This PaperThe First Steps with Alexia, the Average Lexicographic Value
CentER Discussion Paper No. 2005-123
9 Pages Posted: 19 Dec 2005
Date Written: November 2005
Abstract
The new value AL for balanced games is discussed, which is based on averaging of lexicographic maxima of the core. Exactifications of games play a special role to find interesting relations of AL with other solution concepts for various classes of games as convex games, big boss games, simplex games etc. Also exactifications are helpful to associate fully defined games to partially defined games and to develop solution concepts there.
Keywords: cooperative games, average lexicographic value, exact games, partially defined games
JEL Classification: C71
Suggested Citation: Suggested Citation
Tijs, Stef H., The First Steps with Alexia, the Average Lexicographic Value
(November 2005). CentER Discussion Paper No. 2005-123, Available at SSRN: https://ssrn.com/abstract=870405 or http://dx.doi.org/10.2139/ssrn.870405
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