Abstract
We introduce the notion of a middleman in a TU
Cooperative game. The middleman engages in intermediary
activities which increases the output of every coalition. For this, he
offers a scheme of intermediary activities for each coalition. We
propose a new parametric class of solutions called the Intermediary
values which are characterized using some standard and some nontrivial axioms. We have shown the applicability of the model by
means of a couple of numerical examples.
Original language | English |
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Pages (from-to) | 297-304 |
Number of pages | 8 |
Journal | Journal of Scientific Research |
Volume | 64 |
Issue number | 1 |
DOIs | |
Publication status | Published - 15 Feb 2020 |
Keywords
- TU game
- Middlemen
- Intermediary value