Games of threats

Elon Kohlberg, Abraham Neyman*

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

7 Scopus citations

Abstract

A game of threats on a finite set of players, N, is a function d that assigns a real number to any coalition, S⊆N, such that d(S)=−d(N∖S). A game of threats is not necessarily a coalitional game as it may fail to satisfy the condition d(∅)=0. We show that analogs of the classic Shapley axioms for coalitional games determine a unique value for games of threats. This value assigns to each player an average of d(S) across all the coalitions that include the player. Games of threats arise naturally in value theory for strategic games, and may have applications in other branches of game theory.

Original languageEnglish
Pages (from-to)139-145
Number of pages7
JournalGames and Economic Behavior
Volume108
DOIs
StatePublished - Mar 2018

Bibliographical note

Publisher Copyright:
© 2017 Elsevier Inc.

Keywords

  • Coalitional game
  • Shapley value

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