Citation:
Hart, Sergiu . “On Prize Games”. Discussion Papers 1992. Web.
Abstract:
We consider the class of hyperplane coalition games (H-games): the feasible set of each coalition is a half-space, with a slope that may vary from one coalition to another. H-games have turned out in various approaches to the value of general non-transferable utility (NTU) games. In this paper we introduce a simple model – prize games – that generates the hyperplane games. next, we provide an axiomatization for the Maschler & Owen (1989) consistent value of H-games.