Middlemen in Cooperative Games

Surajit Borkotokey; Loyimee Gogoi; Rajnish Kumar; Sudipta Sarangi; K. S. Mallikarjuna Rao

doi:10.37398/JSR.2020.640155

Middlemen in Cooperative Games

Surajit Borkotokey, Loyimee Gogoi, Rajnish Kumar, Sudipta Sarangi, K. S. Mallikarjuna Rao

Queen's Business School (QBS)

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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
Pages (from-to)	297-304
Number of pages	8
Journal	Journal of Scientific Research
Volume	64
Issue number	1
DOIs	https://doi.org/10.37398/JSR.2020.640155
Publication status	Published - 15 Feb 2020

Keywords

TU game
Middlemen
Intermediary value

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10.37398/JSR.2020.640155Licence: CC BY-SA

Middlemen in Cooperative Games
© 2020 The Authors. This is an open access article published under a Creative Commons Attribution License (https://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium, provided the author and source are cited.
Final published version, 703 KBLicence: CC BY-SA

Cite this

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Middlemen in Cooperative Games

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Keywords

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