Abstract

The Owen graph value is a generalization of the well-known Owen value to cooperative games with graph-restricted communication. The value satisfies the property of component efficiency, but loses the property of efficiency. The efficiency requirement imposes that the total wealth generated in a cooperative game is divided among its players. In this paper we introduce an efficient extension of the Owen graph value and provide three characterizations for the efficient Owen graph value. Finally, we compare the value with other efficient values by an application example.

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