The Consensus Value for Games in Partition Function Form

Research output: Contribution to journalArticle

Published copy (DOI)



Publication details

JournalInternational Game Theory Review
DatePublished - Sep 2007
Issue number3
Number of pages16
Pages (from-to)437-452
Original languageEnglish


This paper studies a procedural and axiomatic extension of the consensus value [cf. Ju et al. (2007)] to the class of partition function form games. This value is characterized as the unique function that satisfies efficiency, complete symmetry, the quasi-null player property and additivity. By means of the transfer property, a second characterization is provided. Moreover, it is shown that the consensus value satisfies individual rationality under a superadditivity condition, and well balances the tradeoff between coalitional effects and externality effects. In this respect, explicit differences with other solution concepts are indicated.

Discover related content

Find related publications, people, projects, datasets and more using interactive charts.

View graph of relations