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The Owen value of stochastic cooperative game
Cheng-Guo E1, Quan-Lin Li2, Shi-Yong Li2
1School of Economics and Management, Yanshan University, Qinhuangdao 066004, China ; Liren College, Yanshan University, Qinhuangdao 066004, China.
Abstract:
We consider stochastic cooperative game and give it the definition of the Owen value, which is obtained by extending the classical case. Then we provide explicit expression for the Owen value of the stochastic cooperative game and discuss its existence and uniqueness.
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