Synergistic Approaches to Consolidated Values in Cooperative Game Theory

Abstract

Marginalism shares the value of a game based on the contributions of players to the game while Egalitarianism divides the total worth of a game equally among all players in it. But both have their limitations in allocating gain to non-productive players. Consolidation of both values helps in reducing some limitations. So, in TU games, developing solution concepts by consolidating egalitarianism and marginalism has been widely studied. In this chapter, we reviewed different consolidated values, their axiomatization and characterization found in game-theoretic literature.