Middlemen in Cooperative Games

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

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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 languageEnglish
Pages (from-to)297-304
Number of pages8
JournalJournal of Scientific Research
Volume64
Issue number1
DOIs
Publication statusPublished - 15 Feb 2020

Keywords

  • TU game
  • Middlemen
  • Intermediary value

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