Construct · 1 fields · 1 citations

Owen value: a standalone construct

One name. One construct. A landmark on the map.

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Game theory

extension of the Shapley value to cooperative games in which players are grouped into a priori unions that bargain as blocs.

In game theory, Owen value refers to extension of the Shapley value to cooperative games in which players are grouped into a priori unions that bargain as blocs. This meaning comes from Owen (1977) in Lecture Notes in Economics and Mathematical Systems.[1]

Unit
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Measured by

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Nearby constructs

extension3 fields · 3 citationsjingle · one word, three constructs game2 fields · 3 citationsjingle · one word, two constructs prior3 fields · 4 citationsjingle · one word, three constructs

References

Owen, G. (1977). Values of Games with a Priori Unions. In Lecture Notes in Economics and Mathematical Systems (pp. 76-88). Springer Berlin Heidelberg. https://doi.org/10.1007/978-3-642-45494-3_7

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