Economics Department: Expected Values for Variable Network Games | Shiv Nadar University
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Economics Department: Expected Values for Variable Network Games

Event Date: 
Friday, April 15, 2022 -
18:0019:30

The Department of Economics invites you to a session titled ‘Expected Values for Variable Network Games’ by Dr. Rajnish Kumar (Queen's University) Belfast on 15 April 2022 (Friday) from 06:00 PM to 07:30 PM (IST).

Abstract 
A network game assigns a level of collectively generated wealth to every network that can form on a given set of players. A variable network game combines a network game with a network formation probability distribution, describing certain restrictions on network formation. Ex- pected levels of collectively generated wealth and expected individual payoffs can be formulated in this setting. We investigate properties of the resulting expected wealth levels as well as the expected variants of well-established network game values as allocation rules that assign to every variable network game a payoff to the players in a variable network game. We establish two axiom- atizations of the Expected Myerson Value, originally formulated and proven on the class of communication situations, based on the well-established component balance, equal bargaining power and balanced contributions properties. Furthermore, we extend an established axiomati- zation of the Position Value based on the balanced link contribution property to the Expected Position Value.

Friday 15, Apr 2022
06:00 PM - 07:30 PM

Zoom

Meeting ID: 829 7558 6170
Passcode: 699640

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